Operations Management - Decision-Making

Abstract

Decision making essentially involves choosing a particular course of action, after considering the possible alternatives scientific decision-making rests upon organized principles of knowledge and depends largely upon the collection of empirical data and analysis of the data in a way that repeatable results will be obtained.

The association of management with the scientific method involves drawing objective conclusions from the facts. Facts come from the analysis of data, which must be gathered, compiled and digested into meaningful form, such as graphs and summary statistics.