Issues in the Value of Decision Analysis.

Abstract

This paper explores methodological issues, especially logical and mathematical, in putting a dollar value to a proposed decision analysis exercise. It restricts attention to the direct value of the analysis in terms of impact on the decision analyzed. It disregards indirect values (or costs) the analysis may have, however important these may be in enhancing organizational processes. Two alternative valuation instruments are identified, expressed in explicit mathematical form.

Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1975
Accession Number
ADA019339

Entities

People

  • R. V. Brown
  • Stephen R. Watson

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Behavior And Behavior Mechanisms
  • Behavioral Disciplines And Activities
  • Behavioral Sciences
  • Cognitive Systems Engineering
  • Cooperation
  • Engineering
  • Interdisciplinary Science
  • Systems Engineering
  • Systems Science

Readers

  • Systems Analysis and Design
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.