The Rational Decision-Making Model is a structured approach used to make choices based on logical reasoning. It involves several steps: identifying the problem, gathering relevant information, generating alternatives, evaluating those alternatives, and finally, selecting the best option. This model aims to minimize biases and maximize objective outcomes.
Once a decision is made, the model encourages implementing the chosen solution and monitoring its effectiveness. If the results are unsatisfactory, the process can be revisited to refine the decision. This systematic approach is widely used in various fields, including business, economics, and public policy.