Figure 12.2 (p. 334), Section 12.1, illustrates a framework for computerized decision analysis. Managing inventory at Target would require a variety of different types of decisions, such as structured decisions that deal with routine or repetitive problems for which standard solutions exist, and unstructured decisions, for which there are no standard procedures and where human intuition and judgment often play an important role.

Structured decision

(i) Provide an example of a structured decision regarding data management for inventory that Target might need to make; (1 mark)

(ii) State what type of software could be used to help finalize or implement the decision and explain why that software is suitable for the decision that you have described; (1 mark)

(iii) Provide an example of how the software that you have described could be used to help with the decision example that you have provided. (1 mark)