Heuristics Analysis for Warehouse Management
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Using warehouse management and provide an example how decision making process can be affected and be improved by the four heuristics, be specific.
-The availability heuristic
-the representativeness heuristic
-positive hypothesis testing
-the affect heuristic
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The expert uses warehouse management and provides an examples how how decision making process can be affected and be improvided by the four heuristics.
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Running Head: HEURISTICS ANALYSIS
How heuristics affect and improve decision making in warehouse management
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How heuristics affect and improve decision making in warehouse management
The availability heuristic is one in which a decision maker relies on already available knowledge rather than examine and analyze other procedures or alternatives. People use this heuristic to judge the probability and frequency of events (Schwarz & Vaughn, 2002; Tversky & Kahneman, 1973). Where as this heuristic provides a basis through which a decision can be made fast according to needs, it is prone to errors where overestimation or underestimation may result to under reaction or over reaction. For instance, the decision to make fresh orders in the warehouse may be based on how stock has historically been depleting. After seeing the various levels of remaining stock that usually deplete requiring more supplies, a warehouse ...
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