Steps in the Rational Decision-Making Model
1. Define the problem.
2. Identify the decision criteria.
3. Allocate weights to the criteria.
4. Develop the alternatives.
5. Evaluate the alternatives.
6. Select the best alternative.
Source: E. F. Harrison, The Managerial Decision-Making Process, 5th ed. (Boston: Houghton Mifflin, 1999), pp. 75-102.