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  • Essay / Decision Model Analysis Paper - 1441

    Decision Model Analysis PaperIntroduction In order to master critical thinking, the ability to question information and solve problems must be present. The crucial steps that lead to successful decision-making are not just about our skills and abilities, but about the strategies that help us get there. All of these steps combined allow us to make solid, intelligent decisions. Research aimed at understanding how the mind works is, at best, an ongoing project, but the progress we have made is substantial in the areas of understanding problem solving and decision making. This article will discuss the method(s) used, where they are applied, the role critical thinking plays, and the impact of these decisions. Decision-making models Through research, methods have developed that not only show people how to make decisions, but also give advice. this will help improve the skills already in place. We call these methods models. There are models designed for specific industries or individuals. For example, models based on observation or experiments (empirical research) (Simon, 1986, para6) enable tasks such as the interpretation of oil well drilling logs. Using a model focused on financial gains would not be as beneficial to the field engineer who must make the decision whether to continue drilling or move their drilling equipment to another location, as a method based on finance would be for a CEO. Research has shown that different models are developed and made with specific groups, areas or individuals in mind. When decision making is crucial, choosing the most effective model will prove to be the important first step. I work in an industry where making poor decisions can affect many areas of daily life, from the quality of the air we breathe to the purity of the water we drink. Riordan is a company built on innovative technology. All technology requires research and development and Riordan is no exception. For every tool, software or drill bit developed, research and testing is involved. Electronics and engineering specialists carry out the initial tests, which are limited to laboratories, but the final stages will be carried out on the test ground where the actual drilling and logging is carried out. Some tools are simple and contain no harmful materials, but others contain awesome ingredients like "gyroscopes" and "radiation", so the safety of humans and our environment is of the utmost importance to Riordan. How to achieve this? This is where decision-making and environmental policy assessment will lend a helping hand.