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Topic: Social Issues
Number of pages / Number of words: 4 / 884
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The model depends on one clear, optimal choice presenting itself after analysis. The final drawback to this form of decision making is that it takes a lot of time. Lots of the important decisions business leaders have to make, have to be made quickly. This model is simply not appropriate to use in urgent situations...


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This model assumes that one has all the time in the world to make a decision and all the money in the world to implement costly interventions. Evolutions of this model brought us to Simon's normative model, or "bounded rationality."

Evolution of the Model

Professor Herbert A. Simon thought that it was impossible for today's decision makers to gather enough of the right type of information to propose all possible solutions...


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