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Analyze decision process of china eastern airlines

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Reference no: EM132945084

Analyze this decision process of China Eastern Airlines unlimited air tickets. Answer the following three basic questions:

-What information was included in the decision? What decision-making tools or frameworks were used to reach the decision? How did these shape the decision? (Be specific) Address the following:

-What is the problem or opportunity that the company or decision-maker faced?

-What internal and external information was used to make the decision? (internal financial statements; external markets conditions; micro and macroeconomic indicators; counterparties' actions)

-What information is most relevant? Is the best relevant information actually available in the case?

-How much confidence could the decisions makers place in the information they had?

-How did the availability or lack of information impact the decision that the firm reached?

-Did the dispersion of information or tacit knowledge among different parties play any role? Can you say anything about the presence of measurable or insurable risk vs true uncertainty and unpredictable events that occurred in this case?

References:https://www.aerotime.aero/25241-china-eastern-airlines-follows-to-offer-unlimited-flight-passes

Reference no: EM132945084

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