Question: Please define a business problem on which you can apply the decision making techniques we have seen in our lectures. You may find this problem

Please define a business problem on which you can apply the decision making techniques we have seen in our lectures. You may find this problem by searching on Internet or by interviewing with one companys manager. After this data collection, you should define a business problem with all information sufficient to apply decision making techniques you will use. Moreover, you should answer the questions below while defining the business problem:

  • What is the problem and why is it important?
  • What kind of decision should be made for this problem?
  • What is/are the goal(s) of this decision?
  • Which criteria should be considered while making this decision?
  • What are the decision alternatives in this decision?

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