The paper "Available Alternatives in the Decision Making Process" is a worthy example of an assignment on marketing. Decision making is a cognitive mental process, whereby the decision-maker has to choose an option out of the available options. Human beings make many decisions on a daily basis. Depending on their complexity, the decision-making process varies from one decision to another. Some decisions are remarkably simple that they are usually made unconsciously. Some are complex, and the maker needs to make an evaluation of the available alternatives and the effects of such alternatives will have.
This is what I am going to elaborate on in this paper. This paper deals with complex decision making using the decision matrix to evaluate the available alternatives. I will start by coming up with the options. Then I will come up with several evaluation criteria. Once I have these, I will then use the decision matrix to come up with the most favorable decision in the circumstances. I will then go ahead and evaluate the various evaluation characteristics used by various people. Introduction Post Graduate University Options. Option one: Study a two-year-long MBA at the Australian National University (ANU).
This is a full-time course offered at Canberra. Australian National University ranked number 38 worldwide. The tuition fee is $ 30,000. Option two: Study a 3 year part-time Master of Professional Accounting at the Charles Darwin International University (CDIU). This university is located at Grevillea and was ranked between number 302-350 worldwide. The fee is approximately $24,000. Option three: Study 1.5 years full-time Master of Commerce at the University of Sydney (US). This university is located in Sydney and was ranked number 58 worldwide.
The tuition fee is approximately $29,000. Option four: study a two-year full-time Master of Business Finance at Victoria University (VU). This university is located in Melbourne, and it never appeared on the top 400 rankings of universities worldwide in 2011. The tuition fee is approximately $22,000. Option five: Study a two-year distance learning Master of Financial Management at the University of Queensland(UQ). This university is located in Brisbane and was ranked number 74 worldwide. The tuition fee is approximately $27,000. Option six: Study a two-year research Master of Economics at the James Brook University (JBU).
This university is located in Townsville and was never ranked among the top 400 Universities worldwide in 2011. The tuition fee is approximately $23,000. List of Evaluative Criteria. Location Tuition Fee payable Mode of study Duration of the course University ranking worldwide Campus options i. e number of campuses offering the course Decision Matrix. LOCATION FEES($) MODE DURATION RANKING CAMPUS OPTIONS ANU Canberra 30,000 Fulltime 2 years 38 3 CDIU Grevillea 24,000 Part-time 3 years 301-350 2 US Sydney 29,000 Fulltime 1.5 years 58 3 VU Melbourne 22,000 Fulltime 2 years - 1 UQ Brisbane 27,000 Distance 2 years 74 2 JBU Townsville 23,000 Research 2 years - 1