Issues in the Value of Decision Analysis.
Technical rept. 10 Jan 75-9 Jan 76,
DECISIONS AND DESIGNS INC MCLEAN VA
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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.
- Operations Research