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Creating More and Better Alternatives for Decisions Using Objectives

Title data

Siebert, Johannes ; Keeney, Ralph L.:
Creating More and Better Alternatives for Decisions Using Objectives.
In: Operations Research. Vol. 63 (September 2015) Issue 5 . - pp. 1144-1158.
ISSN 0030-364X
DOI: https://doi.org/10.1287/opre.2015.1411

Abstract in another language

The quality of alternatives is crucial for making good decisions. This research, based on five empirical studies of important personally relevant decisions, examines the ability of decision makers to create alternatives for their important decisions and the effectiveness of different stimuli for improving this ability. For decisions for which the full set of potentially desirable alternatives is not readily apparent, our first study indicates that decision makers identify less than half of their alternatives and that the average quality of the overlooked alternatives is the same as those identified. Four other studies provide insight about how to use objectives to stimulate the alternative-creation process of decision makers and confirm with high significance that such use enhances both the number and quality of created alternatives. Using results of the studies, practical guidelines to create alternatives for important decisions are presented.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: decision analysis; creating alternatives
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V > Chair Business Administration V - Univ.-Prof. Dr. Jörg Schlüchtermann
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration V
Result of work at the UBT: Yes
DDC Subjects: 100 Philosophy and psychology > 150 Psychology
300 Social sciences > 330 Economics
Date Deposited: 16 Feb 2017 08:25
Last Modified: 16 Feb 2017 08:25
URI: https://eref.uni-bayreuth.de/id/eprint/36111