spreadsheet decision modleing

General Instructions – PLEASE READ THEM CAREFULLY

· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

· Submissions without this cover page will NOT be accepted.

Learning Outcomes:

No.	Course Learning Outcomes (CLOs)	Question Number
CLO1	Find some structured ways of dealing with complex managerial decision problems.	Question 2
CLO2	Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.	Question 1
CLO3	Demonstrate the tools for deciding when and which decision models to use for specific problems.	Question 3
CLO4	Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.	Question 4 and 5

Assignment Instructions:

· Log in to Saudi Digital Library (SDL) via University’s website

· On first page of SDL, choose “English Databases”

· From the list find and click on EBSCO database.

· In the Search Bar of EBSCO find the following article:

Title: “Intuitive and Rational Cognition in the Theory and Practice of Management Sciences” (Case Study)

Author: Marcin Nowak, Joanna Ziomek

Date: March 03, 2019

Assignment Questions:

Read the above article and answer the following Questions:

1. Explain the objective of this study according to your understanding (150-200 Words)

2. Why decision-making process is one of the most important issues in the area of management science? (150-200 Words)

3. What is the role of intuition in the managerial decision making? (150-200 Words)

4. What is the difference in rational and intuitive decision making style? (150-200 Words)

5. How this study is helpful for you in understanding the decision making process? (150-200 words)

Answers: