Accession Number : ADA019263

Title :   Case Studies in the Value of Decision Analysis.

Descriptive Note : Technical rept. 10 Jan 75-9 Jan 76,

Corporate Author : DECISIONS AND DESIGNS INC MCLEAN VA

Personal Author(s) : Watson,S. R. ; Brown,R. V.

Report Date : OCT 1975

Pagination or Media Count : 48

Abstract : This paper explores the problem of making operational an appropriate instrument for measuring the value of a proposed decision analysis exercise. Three completed decision analysis exercises are subjected to an 'after-the-fact' valuation in an attempt to gain a hindsight value for the analysis, with a view to facilitating 'before-the-fact' valuation of analagous decision analysis exercises. (Author)

Descriptors :   *DECISION MAKING, *DECISION THEORY, RISK ANALYSIS, PROBLEM SOLVING, BENEFITS, EFFECTIVENESS, JUDGEMENT(PSYCHOLOGY), ALGORITHMS, ERRORS, UNCERTAINTY, ECONOMICS, FOREIGN POLICY, MILITARY PROCUREMENT, TIRES, INDUSTRIAL PROCUREMENT, AUTOMOTIVE INDUSTRY, MANAGEMENT PLANNING AND CONTROL, COST ANALYSIS, PROFITS, MONEY, COMPUTERS, USSR, EXPORTS

Subject Categories : Administration and Management
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE