Abstract
Problems in which the stakes are extremely high, in which human perceptions and judgements are involved, and whose solutions have long-term repercussions, call for a rational approach to their solution. Various techniques are in use for decision-making at the strategic level. However, at this level the problems are ill defined and are usually presented in terms that are uncertain, fuzzy and confusing, while problem-solving techniques based on sound mathematical principles can only be applied to systematic and well-formed problems. This mismatch between problems and their solution methods leads to the frustration of top decision-makers and their loss of confidence in mathematical techniques.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Nande P, Schotz E (1988) A hybrid model of strategic planning, Improving decision making in organisation. In: Lockett AG, Islei G (eds) Lecture Notes in Economics and Mathematical Systems 335, Springer.
Shubik M (ed.) (1991) Risk, Organisations and Society. Kluwer, Dordrecht.
Bhushan N (1991) Risk, Organisations and Society-book review. Opsearch, Journal of the Operational Research Society of India 28(4): 308.
Clark DN, Scott JL (1995) Strategic level MS/OR tool usage in the United Kingdom: An empirical survey. Journal of the Operational Research Society (UK) 46(9): 1041–1051.
Jaiswal NK (1997) Military Operations Research: Quantitative Decision-making. Kluwer, Dordrecht.
Mood AM (1983) Introduction to Policy Analysis. Elsevier.
Frci D, Ruloff D (1989) Handbook of Foreign Policy Analysis. Nijhoff.
Miser HJ, Quade ES (1988) Handbook of Systems Analysis. Elsevier, London.
Asher W, Overholt WH (1983) Strategic Planning and Forecasting. Wiley, New York.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2004 Springer-Verlag London Limited
About this chapter
Cite this chapter
Bhushan, N., Rai, K. (2004). Strategic Decision-Making. In: Strategic Decision Making. Decision Engineering. Springer, London. https://doi.org/10.1007/978-1-85233-864-0_1
Download citation
DOI: https://doi.org/10.1007/978-1-85233-864-0_1
Publisher Name: Springer, London
Print ISBN: 978-1-85233-756-8
Online ISBN: 978-1-85233-864-0
eBook Packages: Springer Book Archive