Give an example of a good decision that you made that resulted in a bad outcome. Also give an
example of a bad decision that you made that had a good outcome. Why was each decision good or
bad? Please specify the criteria you used in making these decision. (You need to specify one of
the decision criteria on Slide 3-11 or the utility criterion on Slide 3-71 and explained how you
applied it to your specific example.) Why sometimes good decisions may lead to bad outcomes and
Please use this as 1 of the references: (if needed)
Render, B., Stair, R. & Hanna, M. (2011). Quantitative Analysis for Management. (11th Ed).
Upper Saddle River, New Jersey: Pearson Prentice Hall.