1. What information sources (or potential information sources) could have been used to assist with the decision-making process for Wivenhoe Dam in this case? Potential information sources that could have been used to assist with the decision-making process for Wivenhoe Dam
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-Sought advice from Water Grid Manager
-DERM (Department of Environmental Resource Management)
Approaches to decision making
Classical decision model
Behavioral decision model
Judgmental decision model
2. With references to decision-making theory covered in the chapter, describe the type of managerial decision-making evident in this case, and the conditions under which decisions were made.
Managerial Decision Making
3. Evaluate the decisions made in the case in relation to the classical, behavioural and judgmental heuristics approaches to decision-making that are outlined in the chapter. Which model do you believe best describes the situation and subsequent decision-making process in this case? Justify your answer? Approaches to decision making
^Classical decision model
^Behavioral decision model
^Judgmental decision model
*Classical decision model
Problem: it was the flood that damage Brisbane and Ipswich
Possible alternative: Not releasing flood waters.
Consequently threatened stability of dam
Optimizing decision: Release of flood waters being aware of potential damage.
*They set priorities
Lack of communication
Natural disaster (climate change)
Damage roads and homes.
People should make wise decision to save the lifes of the others.