Decision Making

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Question 1- Betamax (or Beta) was a video recording format developed by Sony in the 1970s. Sony conducted
research and found that consumers wanted a high-quality picture when using a Beta cassette with their home
recording equipment. Sony developed the technology with video quality in mind and, as a consequence, limited
the recording time to only 60 minutes.
At the same time, JVC developed the Video Home System (VHS) but without much consumer research. JVC
was more interested in developing a unified standard for broadcast operations. Consequently, they focused
more on extending the recording time for their VHS cassettes at the expense of picture quality.
In the end, the VHS format won by eventually squeezing the Beta format out of the market. Discuss the
approaches these two companies took in the good decisions/good outcomes context.
Question 2- Suppose you received two job offers when looking for a job, one from Company A and one from
Company B. To make a decision, what type of methodology would you use: probabilistic or nonprobabilistic?
Whichever you choose, describe the items to consider and the decision rules you would use before deciding
which job offer to accept.

Sample Solution

 

 

 

Envision Communities: Perfect Communities to Live in

Streets are “flawlessness”, individuals have honorable ethics and qualities, kids have experienced similar instruction, the houses are completely orchestrated along the street, and the engineering is actually the equivalent. The entire network has a wonderful nursery. Wrongdoing It appears to be a network you need to leave. The Colby people group is a lovely network as it is loaded up with bliss, structure and great good limitations. Be that as it may, how would you become an individual from this network?

Jonas lives in a network that is considered “great”. As it were, there is no war, torment, distress, outrage. So as to accomplish this “flawlessness” his locale is viewed as hurtful and “overlooks” the memory of the things that put a weight on each history on his shoulder, “recipient” that was carrying on with an ideal life There was. By recording all recollections of the network, the beneficiary permits individuals to carry on with a tranquil life. In any case, thusly, the network likewise loses all the capacity to encounter genuine feelings, including nice sentiments. It has additionally lost its capacity to develop, change and better. Individuals have lost their rich lives for quite a while, and individuals have lost the capacity to see hues and tune in to music. Basically, individuals lose all the opportunity of personality and genuine bliss, yet they don’t feel it.

Envision a network of 2,500 km from Brisbane and 3,600 km from Canberra. We should envision this network thinking in a totally unexpected manner in comparison to we are acquainted with and brimming with living individuals. In this network of ages back how about we envision that the youngsters were detracted from their families. They are said to never talk their first language, they should do what they state. For this situation, they are rebuffed by savagery in view of their disappointment. This people group exists in numerous networks, this is their authentic story

 

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