Selecting Analytic Approaches for Decision Situations (Revised Edition). Volume III. Appendices.
Abstract
The conceptual framework consists of a 3-way taxonomy: decision situations, analytic options, and performance measures. The first component is a 'situation taxonomy,' listing about 100 dimensions of a situation that might be relevant to a particular analytic choice. These dimensions include: the stakes involved in a decision; the reaction time available; and the clairty with which options, probable consequences, and values are perceived. The 2nd component is an 'analysis taxonomy,' according to which about 100 decision-analytic choices can be located in an 'analytic option space.' Included are: how much decision analysis is undertaken, how it is used, what type of model structure is involved, and what technique for probability assessment or consequence evaluation is employed. The 3rd component is a 'performance measure taxonomy,' listing about 30 measures of effectiveness which can characterize the analytic options. Performance measure dimensions include: enhanced logical reasoning, cost, speed, convenience, and facilitated communication. This component serves as a mediating factor, in matching analysis to situation. This volume contains very detailed lists of the 3 taxonomies and matching generalizations relating 22 analytic techniques to decision situations.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1977
- Accession Number
- ADA048228
Entities
People
- Jacob W. Ulvila
- Rex V. Brown