Episode 153: The Rational Decision Making Model, Part 2

[@matthewhubbard5103]

I'm not clear on how the weights were assigned across the top row. I understand they came from the step 3 but am not following the math that established them?. Eg. LTS .60, Time .30, Cost .10 Can you please clarify?

[@Brown_Bambolina]

After watching this video I now understand the model quite well. Thank you

[@denisemcillwain9651]

I really enjoyed this video and the others. This is an excellent way to express and comprehend the decision-making process. It's quite entertaining to watch. I will continue to learn from here. Thanks!

[@goldewl]

Very happy that i found your channel. It's Awesome!

[@Alanisbusinessacademy]

goldewl Glad you did as well! Good luck with your studies.

[@axionvirtus]

Very clear and logical way to structure a model for RDM. It would be very nice if you can make a video with asset allocation RDM, specially to see the financial decision criteria that would apply to it. Thanks.

[@Ray-ql7gz]

love you so much, you saved my life when I was struggling with my decision-making coursework.

[@ievastephenjean6569]

Forgive me, but I still do not understand how you got the (.60), (.30), (.10) in your evaluation. Can you explain in more detail please ?

[@AkashRamdoyal]

Very interesting lesson. I would like to know how to do rate the long term criteria and denote it as 60 in the last slide?

[@maxwellhess]

Great video. Thank you.

[@sidrakhan3841]

hi, please clarify why u say that option 1 was favourable when it got the lowest score/total weightage?

[@larissacaballero6079]

Excellent video!!! Could you please suggest some of the references you used for search a little bit more. Thank you!!!

[@marlysiegal8695]

How do you get the weights in step 5, (.60), (.30), and (.10), from step three?

[@Alanisbusinessacademy]

Marly s Hello there. I established them arbitrarily based on how important each attribute was to my decision making. In the prior video I established a rank of them in step 3, but the percentages are simply based on the importance of each attribute. Hope this helps.

[@lessandra602]

Absolutely wonderful!

[@natgardiner17]

I understand the mechanics of what you explained, however could you please explain how you arrived at the particular numbers, e.g. "1.20", "2.40" - (I know it is from step 3 and the ranking, etc, but not quite understanding the numbers above) Thank you!

[@Alanisbusinessacademy]

Natalie J Gardiner To obtain those figures I multiplied what I ranked the alternative (1 for bigger home) by the percentage that I gave the criteria (.60 for long-term solution). Hope this clarifies a bit. Thanks for watching.

[@kellythompson3080]

@@Alanisbusinessacademywhy is the lower score the preferred option? Shouldn't more storage be the preferred option sense it received a higher score?

[@petergeorge1997]

@@kellythompson3080 I have the same question

[@Politicalbiscuit]

you have explained it really well.

[@galenlamarhill]

very helpful and great examples

[@praneethbabu561]

Thanks a lot... U have helped me a lot

[@aarjubhurtel]

Thank you

[@kingk4934]

i am a little bit confused you said Bigger home is the preffered decision when its total number is only 2.20 why not storage cause its total number is 2.80

[@my-raah]

How would you apply this theory to non-profit organisations?

[@gabrielappohmends9413]

Please can you explain to me the political model??

[@manqobaradebe764]

😂😂 Place a few kids up for adoption? thank you for making these videos so interesting. 😂

[@sanjanaavanthkar9991]

Sir how is absolute rationality an illusion?

[@Alanisbusinessacademy]

That's too deep for me. Perhaps there's a philosopher around here that can help.

[@TheAlkovalenko]

don`t understand: how to get the weight of criteria from comparisons? why the best solution - with a lower number, but not with a bigger?

[@Alanisbusinessacademy]

You can establish your own weights based upon what is important to you. I simply established weights based upon my evaluation of the criteria in the previous steps. As far as determining the best solution, since we use a rank order method (1-4) and establish 1 as the best solution in the category and four the worst solution in the category the lower result is preferred. Otherwise you would select the solution that was ranked poorly in each category, or at least a majority of the categories. Hope this clarifies. Thanks for the question.

[@bothwellsibanda8019]

it would have being quite helpful (to me) if you gave your examples refering to management of business examples,,for instance low production cost in an organisation.....thank you

[@Alanisbusinessacademy]

bothwell sibanda Thanks for the feedback!

[@carlaeastman1]

The smallest number is the best decision. Why?

[@Alanisbusinessacademy]

Carla Eastman That's because #1 is our preferred option. By adding the rank of each option you want the number to be lower as it reflects the preferred decision. Likewise an option that ranks 3 in a certain category represents a less desirable option. Hope this helps to clarify.

[@EducationMentalHealth]

Thank you