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Rational Approach to Decision Making

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Name the steps in the rational approach to decision making.

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Solution Summary

This 314 word cited solution provides a list of the steps in the rational approach and then explains each. Additionally, this solution includes two references for further investigation of the topic.

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The purpose in using a rational approach to a decision is that it provides a structured methodology which attempts to limit personal bias while taking an all inclusive approach to the decision process. There are more than one set of steps outlined by various sources, but basically the process is to:

Select the preferred alternative
Identify the problem:
It may seem obvious to identify the problem, but this step defines the parts of a problem and helps to determine what is relevant and what is ...

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