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Persistent link: https://www.econbiz.de/10004973533
Multi-criteria portfolio modelling has been extensively employed as an effective means to allocate scarce resources for investment in projects when considering costs, benefits and risks. Some of these modelling approaches allow the grouping of projects into organisational areas, thus also...
Persistent link: https://www.econbiz.de/10004973629
Multi-criteria decision analysis (MCDA) is well equipped to deal with conflicting, qualitative objectives when evaluating strategic options. Scenario planning provides a framework for confronting uncertainty, which MCDA lacks. Integration of these methods offers various advantages, yet its...
Persistent link: https://www.econbiz.de/10011126098
In recent years the field of decision analysis has been heavily influenced by the "analytics'' perspective, which integrates advanced data-mining and learning methods, often associated with increasing access to "Big-Data", with decision support systems. This rapidly growing and very successful...
Persistent link: https://www.econbiz.de/10010821195
The integrated use of Scenario Planning and Multi-Criteria Decision Analysis (MCDA) has been advocated as a powerful combination for providing decision support in strategic decisions. Scenario Planning helps decision makers in devising strategies and thinking about possible future scenarios;...
Persistent link: https://www.econbiz.de/10010744920
Multi-Criteria Portfolio Analysis (MCPA) models have been extensively employed as an effective means to allocate scarce resources for investment in projects or services, considering different organisational areas and balancing costs, benefits & risks. However, structuring this type of models in...
Persistent link: https://www.econbiz.de/10010745094
The traditional way of employing operational research in organisational interventions has been the expert mode. In this mode, the problem situation faced by the client is given to the operational research consultant, who then builds a model of the situation, solves the model to arrive at an...
Persistent link: https://www.econbiz.de/10008494762
Cognitive/causal maps have been widely used as a powerful way of capturing decision-makers' views about a problem, representing it as a cause-effect discourse. Several ways of making causal inferences from this type of model have been proposed in the Operational Research and Artificial...
Persistent link: https://www.econbiz.de/10005283503