What are decision problems

Business decision problem

1. Begre A problem is a deviation of the actual state from a target or from one or more destinations. This results in a decision if the actuator has at least two variants for reducing or completely eliminating the deviation.
2. Types: There are many criteria for dividing decision problems into categories. The most important are: (a) Depending on the function concerned, a distinction can be made between marketing problems, production problems, etc. (b) Depending on the nature of the problem, a distinction can be made between design problems and choice problems. (c) On the basis of the problem structure, a distinction can be made between well-structured problems and ill-structured problems. This distinction is important because it determines the type of decision-making process used to cope with the problem: For well-structured problems, the optimal solution can be determined with the help of an analytical decision-making process. For poorly structured problems, a usable solution can usually be worked out using a heuristic decision-making process. See also decision, business management (with references).

Literature: Gäfgen, G. (1974): Theory of Economic Decision, 3rd Edition, Tübingen; Grünig, R., Kühn, R. (2006): Decision-making procedures for complex problems. A heuristic approach, 2nd edition, Berlin etc .; Klein, H. K. (1971): Heuristic decision-making models: new programming techniques and decision-making for management, Wiesbaden; Simon, H. A. (1966): The Logic of Heuristic Decision Making, in: Rescher, N. (Ed.): The Logic of Decision and Action, Pittsburgh, pp. 1-35; Simon, H. A., Newell A. (1958): Heuristic Problem Solving. The Next Advance in Operation Research, in: Operation Research, Jan.-Feb./1958, pp. 1-10.

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