This paper explains few steps you'll want to follow in order to make decisions for your business: define the situation; collect necessary information; brainstorm alternatives; choose the best alternative; outline the steps that need to be taken; review. These decision making steps will help you in any decision, whether it's...
This paper analyzes a recent ballot in which two virtually identical popular initiatives, both demanding a decrease in the legal age of retirement in Switzerland, led to differences in approval rates of nearly seven percentage points. Based on this unique natural experiment, the existence of emphasis framing effects is tested...
Decision-makers need to be able to quickly get a handle on the issues that influence business performance and secure the resources to deal with them efficiently and effectively. It is central to rising above the competition and securing profitability. Unfortunately, creating this decision culture hasn't been easy. With data pouring...
It has been proposed that decision makers often misperceive the feedback provided by dynamically complex environments, and some have questioned whether people are capable of learning effective decision-making in such environments. Indeed, some researchers believe that humans simply do not possess the "Cognitive machinery" that allow them to deal with...
Business intelligence is important to strategic decision making. Over the past several years, though, Business Intelligence BI vendors also have been focusing on the needs of operational managers, whose jobs involve making tactical decisions in real time. A key capability in this arena is Business Activity Monitoring BAM, which represents...
Admitting that the quality of a decision depends on the quality of the knowledge used to make it, it is argued that the enhancement of the decision making efficiency and effectiveness is strongly related to the appropriate exploitation of all possible organizational knowledge resources. Developing such tools should be in...
The paper aims at analysing Business Intelligence Systems BI in the context of opportunities for improving decision-making in a contemporary organisation. The authors - taking specifics of a decision-making process together with heterogeneity and dispersion of information sources into consideration - present Business Intelligence Systems as some holistic infrastructure of...
CRM is a tool to enable one to manage their regional customer base and one's working day more effectively. It will provide vital information which will link the customer, the installer and the merchant. Customer decision-making links can be very complex, but CRM will help to ensure that one is...
Governments in the United States - including both the federal and state governments - develop public policies in both the executive and legislative branches of government. Nominally, the legislative branch of government produces policies that the executive branch then executes, but in reality substantial powers over the creation of public...
Variations in health care services have been well documented worldwide. The result is that increased health care spending is not uniformly associated with improved health. Interest in increasing the value obtained from health care investments has stimulated efforts to develop the best science and apply it to health care delivery....
Greater use of evidence in health care decision making has highlighted the limited quantity and quality of evidence for many decisions. To make informed decisions, patients and physicians depend on valid evidence about benefits, risks, and costs of alternative treatments. Policymakers can also use this information to make promising new...
Owing to its inherent modeling flexibility, simulation is often regarded as the proper means for supporting decision making on supply chain design. The ultimate success of supply chain simulation, however, is determined by a combination of the analyst's skills, the chain members' involvement, and the modeling capabilities of the simulation...
Prospective users of preventive therapies often must evaluate complex information about therapeutic risks and benefits. The purpose of this study was to evaluate the effect of relative and absolute risk information on patient decision-making in scenarios typical of health information for patients. In scenarios typical of health risk information, relative...
Many decision support tools have been developed over the last 20 years and, in general, they support what Simon termed substantive rationality. However, such tools are rarely suited to helping people tackle wicked problems, which a form of procedural rationality is better suited. Procedurally rational approaches have appeared in both...
Witness the efforts of business coalitions such as the Leapfrog Group or the Pacific Business Group on Health. Take a closer look at certain privately funded efforts to capitalize on the lack of reliable decision-making tools for consumers. And if you have not yet spent time examining the potential impact...
In the current economy the Data Warehouse constitutes a fundamental tool to support decision making processes. However, to take better advantage of enterprise information assets, it is necessary to rely on the information provided, or at least, that its reliability degree can be appropriately evaluated and considered during decision making....
Decision making requires both information and knowledge. Information or its absence is central to decision making situations involving uncertainty and complexity, while knowledge or its absence is associated with problems of ambiguity and equivocality. This paper proposes that computer-based decision support technologies are appropriate to supporting decision making under conditions...
From the executive summary: ‘The cost problem really gets sticky if one elevates the decision-making level to total supply chain. Now, instead of being concerned only with the firm's costs, the decision-makers must understand the impact of their business processes and practices on intermediaries like their supply chain partners and...
This paper discusses the design and application of a decision support system DSS based on the third-generation distributed dynamic decision-making (DDD-III) simulator and contingency theory to increase the organizational cognitive capacity and to facilitate the processes of adaptation. The role of the DSS is to provide mission-monitoring and re-planning information...
The design of general support systems for military activities would greatly facilitate co-ordination and co-operation between different positions throughout the organization, increase flexibility in solving unknown tasks, and provide more cost-effective solutions. Command and Control (C2), as well as other types of business and military management, show generic features that...
