Essays on Decision Table

Executive Summary 3

Introduction 4 Decision Making 4 Decision Table 4 Figure 1. Decision table 5

Decision Making Under Uncertainty 5

Figure 2. Uncertainty decision 5

Optimistic 5

Pessimistic 5 Criterion of Realism 6 Equally Likely 6 Minimax Regret 6 Expected Monetary Value 7 Figure 3. EMV when no additional information was gathered 7 Figure 4. EMV with a favorable result from the additional information 8 Figure 5. EMV with an unfavorable result from the additional information 8 Figure 6. EMV from the additional information 9 Conclusion and Recommendation 9

References 10

Appendices 11 Analytical Experience and Plans 13 Executive Summary Management decisions have always been considered a difficult task especially ...

Production of Process Specification

Process specification is a description of the steps taken in order to achieve a particular task in any business activity as portrayed in on models such a data flow diagram. It is also known as miniature specification in other fields. In short, it stipulates the procedures that are followed in order to transform inputs into outputs. Examples of process specifications include decision tables, flow charts and Nassi- Shneiderman diagram e.t.c. First process specification is used in many manufacturing industries with intentions of ensuring accurate and standardized conclusion of projects enabling reproduction of the same goods with ease. This is achieved even ...