2014International Journal of Technology ManagementRequires access

A decision model which considers qualitative factors

Terry L. Payne

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Abstract

Today's key business decisions are frequently based solely on the judgement of 'technical experts'. While this may be the ultimate decision point, a more effective method would be to compare the alternative courses of action on the basis of some quantifiable measure. This problem is resolved by developing a mathematical model which includes qualitative factors in the quantitative analysis.

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What this paper is about

Today's key business decisions are frequently based solely on the judgement of 'technical experts'. While this may be the ultimate decision point, a more effective method would be to compare the alternative courses of action on the basis of some quantifiable measure. This problem is resolved by developing a mathematical model which includes qualitative factors in the quantitative analysis.

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Available abstract

Today's key business decisions are frequently based solely on the judgement of 'technical experts'. While this may be the ultimate decision point, a more effective method would be to compare the alternative courses of action on the basis of some quantifiable measure. This problem is resolved by developing a mathematical model which includes qualitative factors in the quantitative analysis.

Key concepts: Judgement, Management science, Computer science, Action (physics), Point (geometry), Key (lock), Measure (data warehouse), Decision model

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