Decision Making: Theory & Concepts

Introduction
“Analytical Decision Making” as the name suggests that we will make decisions or conclusions by analyzing the given data or information. In Analytical Decision Making questions, we first analyze and evaluate the given information then we will make conclusions for the given information. In other words, we can say “Analytical Decision Making” is a technique by which we are trying to reach a certain conclusion from the given information. We can do “Analytical Decision Making” in two steps: - In the first step we analyze the given information and in second step we infer the conclusion from the given information.        
We can categorize questions of “Analytical Decision Making” into two types.
Type I
In this type of questions, recruiters create a vacancy and to fill that vacancy some eligibility criteria or prerequisite qualifications with few exceptions are notified. In the question examiner states credits and qualifications of the candidates then examinee has to make the decision from amongst some given choices where each choice tells about the course of action to be taken as per candidate’s ability and mark his decision as his answer.
Type II
In this type, the eligibility of a candidate to join a course or avail benefits etc. are given against the vacancies provided in the former category. The credits & the qualifications of the candidates are also given. The decision of each candidate has to be made from the given answer choices.
Illustration:
Study the given information carefully and answer the question that follows:
Indian Oil Corporation Limited has decided to recruit for the post of technician apprentice. The following criteria are to be applied to select the candidates. A candidate must
  1. Possess B.Sc (Physics, Mathematics, Chemistry/ Industrial Chemistry) with minimum 60% marks and 70% marks in 12th class.
  2. have work experience of atleast 6 months in government or semi government organization .
  3. be ready to sign a bond of 2 years.
  4. be atleast 21 years and at most 28 years as on 1.12.2017.
However, if the candidate fulfills all the above criteria except
  1. but has obtained 50% in any of above mentioned B.Sc courses and 60% in 12th class and has minimum 1-year experience of working, the case may be referred to the Manager.
  2. but is willing to pay an amount of Rs 50,000 if he/ she is required to leave, the case may be referred to the Director.
  3. but is a post graduate in the same above mentioned courses and be not more than 35 years of age, the case is to be referred to the President.
In each question, you have to take 1 of the following courses of action based on information provided & the conditions and sub-conditions given above & mark the number of that course of action as your answer. The reference date is 1.12.2017. You should not assume anything other than the information provided in each question.
 Question: Kapil is a graduate in B.Sc (Industrial Chemistry) and has been working as technician apprentice for the past two years in the semi-government organization. He had scored 65% and 75% marks in graduation and 12th class respectively. He is not willing to sign the bond but can pay an amount of Rs 40,000 if he leaves. He has just completed 27 years of age.
  1. if candidate is to be selected.
  2. if case is to be referred to the Manager.
  3. if case is to be referred to the Director.
  4. if case is to be referred to the President.
  5. if candidate is not to be selected.
Answer : Option E
Clearly the candidate cannot be selected with these qualifications because he is not willing to sign the bond and also the amount which he is ready to pay is less than the requisite amount of Rs.50000.