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Lecture Making hard decisions with the decision tool suite (3e) - Chapter 15: Utility Axioms, Paradoxes, and Implications

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 15: Utility Axioms, Paradoxes, and Implications. After completing this section, you will understand knowledge about the axiomatic foundations of utility theory; certain paradoxes from cognitive psychology that affect decision making; why and how people do not make choices that are perfectly consistent with the axioms; yet they agree that the axioms are reasonable!; implications and paradoxes of decision making,...

4/4/2023 3:40:25 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 14: Risk attitudes

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 14: Risk attitudes. After completing this section, you will understand the knowledge about the preference side of decision analysis; how can we model a decision maker’s preferences?; problems associated with risk and return tradeoffs; introduce an approach called utility theory that allows us to incorporate riskiness; develop the basic tools of utility theory for risky decision making; how to deal with some decision making biases,...

4/4/2023 3:40:18 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 9: Theoretical probability models

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 9: Theoretical probability models. After completing this section, you will understand the knowledge about theoretical probability models or probability distributions commonly used in decision analysis, probability assessment, and statistics. The key is to match the uncertainty situation at hand with a probability distribution for analysis. For each distribution we examine, we will look at its characteristics and examples where it applies,...

4/4/2023 3:40:11 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 8: Subjective probability

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 8: Subjective probability. After completing this section, you will understand the knowledge about subjective assessments of uncertainty and how to deal with them as probabilities. Specifically, we will look at: assessing discrete and continuous probabilities, various types of heuristics and biases, decomposition, experts and probability assessments,...

4/4/2023 3:40:03 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 7: Probability basics

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 7: Probability basics. After completing this section, you will understand the knowledge about the basics of probability theory. Since uncertainty is a typical aspect of problems, rigorous and accurate problem solving requires using probability theory (i.e., math and logic). Specifically, we want you to: understand probability concepts, use probability to model simple situations, interpret probability statements, manipulate and analyze models,...

4/4/2023 3:39:57 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 6: Organizational use of decision analysis

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 6: Organizational use of decision analysis. After completing this section, you will understand the knowledge about how decision analysis is used in organizations, specifically, we want to see how decision analysis can be used to add value to the organization, we will look at a six-step process for the organizational use of decision analysis to add value, this process interweaves a decision board and a strategy team as they work together through the six steps,...

4/4/2023 3:39:49 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 5: Sensitivity analysis

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 5: Sensitivity analysis. After completing this section, you will understand the knowledge about sensitivity analysis and several tools for performing sensitivity analysis, a modeling approach to sensitivity analysis, identification and structuring of problems, dominance among alternatives, probability assessment, one-way and two-way sensitivity analysis, sensitivity graphs and tornado diagrams,...

4/4/2023 3:39:42 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 4: Making choices

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 4: Making choices. After completing this section, you will understand the knowledge about decision trees and expected monetary value, double risk dilemma, influence diagrams, asymmetric and symmetric influence diagrams, risk profiles, cumulative risk profiles, dominance,...

4/4/2023 3:39:35 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 3: Structuring decisions

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 3: Structuring decisions. After completing this section, you will understand the knowledge about structuring values and objectives, fundamental and means objectives, getting the decision context right, influence diagrams, decision trees, various decision details, creating measurement scales,...

4/4/2023 3:39:27 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 2: Elements of decision problems

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 2: Elements of decision problems. After completing this section, you will understand the knowledge about the basic characteristics of and how to identify the four decision elements like values and objectives (and decision context); decisions to make; uncertain events; consequences;...

4/4/2023 3:39:16 AM +00:00

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 1: Modeling decisions

Lecture Making hard decisions with the decision tool suite (3e) - Chapter 1: Modeling decisions. After completing this section, you will understand the knowledge about decision analysis is a process that provides a structured method along with analytical tools designed to improve one’s decision-making skills; it enables you to base your decisions on more than intuition or hunches; it teaches you how to rigorously analyze decisions to gain helpful insights;...

4/4/2023 3:39:06 AM +00:00

Lecture Human resource management

Lecture Human resource management. After completing this section, you will understand knowledge about: introduction and scope; job design and job analysis; training and development; performance measurement and performance appraisal; leadership and grievance; discipline; employee compensation; key terms and terminologies;...

4/4/2023 3:36:43 AM +00:00

Lecture Human resource management: Recruitment and selection (Part 2)

Lecture Human resource management: Recruitment and selection (Part 2). After completing this section, you will understand knowledge about: usefulness of a selection procedure/predictor; reliability/validity issues of personnel selection procedures; reliability and validity issues in selection; predictive validity/validation;...

4/4/2023 3:36:37 AM +00:00

Lecture Human resource management: Job analysis

Lecture Human resource management: Job analysis. After studying this section you should be able to: have a clear understanding of what job analysis; know the main elements of job analysis; know who can do job analysis; have an idea about the uses of job analysis information; the main steps in doing job analysis,...

4/4/2023 3:36:30 AM +00:00

Lecture Human resource management: Green HRM

Lecture Human resource management: Green HRM. After completing this section, you will understand knowledge about: preservation of the natural environment; conservation of the natural environment; minimization of environmental pollution; generation of gardens and looking-like natural places; why some scholars see green HRM as a symbolic concept;...

4/4/2023 3:36:20 AM +00:00

Lecture Human resource management: Occupational health and safety at work

Lecture Human resource management: Occupational health and safety at work. After completing this section, you will understand knowledge about: what is occupational health & safety; OHS in Ghana; what is industrial accident; causes of industrial accidents; job-related causes – higher risk occupations; worker-related factors/human errors;...

4/4/2023 3:36:14 AM +00:00

Lecture Human resource management: Reward management

Lecture Human resource management: Reward management present the content: reward management, reward management system, elements of reward management, some terms in reward management, general factors determining pay levels, objectives of reward management, skill-based pay; service-related pay; non-financial rewards,...

4/4/2023 3:36:04 AM +00:00

Lecture Human resource management: Employee motivation

Lecture Human resource management: Employee motivation present the content: employee motivation; theories of motivation; need theories; Maslow’s need hierarchy theory; Aldefer’s ERG; Adam’s equity theory (1963); key variables in the theory; reactions to inequity; ways of restoring equity;...

4/4/2023 3:35:56 AM +00:00

Lecture Human resource management: Performance appraisal

Lecture Human resource management: Performance appraisal present the content: the concept of performance; what is performance appraisal (PA); purposes for performance appraisal; human resource management/administrative uses of PA; developmental purposes of PA; MSMR feedback system; appraisal techniques/performance ratings; major categories of performance appraisal techniques;...

4/4/2023 3:35:49 AM +00:00

Lecture Human resource management: Career development

Lecture Human resource management: Career development. After studying this section you should be able to: know the general meaning of career development; draw a distinction between career planning and career development; know the various career development stages in organisations; discuss some career anchors and the types of jobs they relate with; discuss how career development can be enhanced;...

4/4/2023 3:35:42 AM +00:00

Lecture Human resource management: Human resource training

Lecture Human resource management: Human resource training. After studying this section you should be able to: define training and orientation and state their purposes and benefits; know the purpose of training; know the benefits and objectives of training to organizations; conduct training needs assessment; understand the main methods used for employee training; understand the various techniques that are used to evaluate training programs;...

4/4/2023 3:35:32 AM +00:00

Lecture Human resource management: Recruitment and selection

Lecture Human resource management: Recruitment and selection. After studying this section you should be able to: goals of recruitment, stages involved in recruitment, defining the vacancies, planning recruitment campaigns, attracting competent applicants, surces/forms of recruitment, internal recruitment, advantages of internal recruitment,...

4/4/2023 3:35:26 AM +00:00

Lecture Human resource management: Human resource planning

Lecture Human resource management: Human resource planning. After studying this section you should be able to: know the meaning of HR planning; have an idea about the importance of HR planning to organisations; know briefly the key steps in the HR planning process; know the consequences of poor HR planning (class discussion);...

4/4/2023 3:35:19 AM +00:00

Lecture Human resource management: Overview of human resource management 2

Lecture Human resource management: Overview of human resource management 2. After studying this section you should be able to: know the general meaning of HRM; have an idea on why HRM is a system; know the features and objectives of HRM; draw a distinction between Personnel Management and HRM; acknowledge some importance of HRM also the factors that influence HRM in organisations,...

4/4/2023 3:35:13 AM +00:00

Lecture Human resource management: Introduction to human resource management

Lecture Human resource management: Introduction to human resource management. After studying this section you should be able to: understand the key concepts in Human Resource Management (HRM); have an idea on the steps in conducting Human Resource Planning; know the basic steps in conducting job analysis; critically reflect on existing recruitment and selection processes; get insight into the role HR managers’ play in motivating, rewarding and ensuring discipline in organizations;...

4/4/2023 3:35:05 AM +00:00

Lecture Product design and production tooling

Lecture Product design and production tooling. After completing this section, you will understand knowledge about: product design, product design consideration, product specification, role of computer in product design, design of gating system, design of riser, blanking and piercing die design, jigs and fixtures,...

4/4/2023 3:26:45 AM +00:00

Lecture Organizational behaviour

Lecture Organizational behaviour. After completing this section, you will understand knowledge about: definition and meaning, why study ob learning – nature of learning, how learning occurs, learning and OB. Foundations of individual behaviour: personality – meaning and definition, determinants of personality, personality traits, personality and ob. perception – meaning and definition, perceptual process, importance of perception in OB. Motivation – nature and importance, Herzberg’s two factor theory, Maslow’s need hierarchy theory, Alderfer’s erg theory, evaluations;...

4/4/2023 3:26:25 AM +00:00

Lecture Estimation, costing and professional practice

Lecture Estimation, costing and professional practice. After completing this section, you will understand knowledge about: quality estimation, principles of estimation, methods and units, estimation of materials in buildings, culverts and bridges; principles of general and detailed specification for various types building works; analysis of rates, description, Prime cost, Schedule rates, analysis of rates for various types of works;...

4/4/2023 3:24:39 AM +00:00

Rethinking poverty analysis, towards a multidimensional approach to deprivation

The second part deals with a reorientation towards capabilities in order to explain the extent to which the latter (the capabilities approach) could serve as a basis for the assessment of the level of deprivation and not that of resources, which focuses on income and wealth.

4/4/2023 2:51:51 AM +00:00

Recycling as a challenge for the flexible packaging industry

The challenge is the lack of or vague regulations, which makes progress and eco-friendly policies difficult. This industry faces further investments in research and development and in new materials and machinery to meet the requirements of sustainable production.

4/4/2023 2:51:45 AM +00:00