Episode 153: The Rational Decision Making Model, Part 2

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The second of the two-part series on the rational decision making model. In this video we'll specifically discuss: generating a list of alternatives, evaluating those alternatives, and finally, computing the optimal decision.

[matthewhubbard]

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

[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.

[goldewl]

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

[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?

[Ray-qlgz]

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

[denisemcillwain]

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!

[ievastephenjean]

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 ?

[natgardiner]

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! 

[larissacaballero]

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

[sidrakhan]

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

[praneethbabu]

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

[marlysiegal]

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

[kingk]

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

[manqobaradebe]

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

[my-raah]

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

[bothwellsibanda]

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 you

[gabrielappohmends]

Please can you explain to me the political model??

[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?

[sanjanaavanthkar]

Sir how is absolute rationality an illusion?