Skip to main content
SpringerLink
Log in

Two-Level Financial Planning with Conflicting Goals: An Interactive Procedural Approach

  • Conference paper
Toward Interactive and Intelligent Decision Support Systems

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 285))

Abstract

In this paper we consider financial planning as a process within and between two hierarchically distinct decision levels. The upper decision level consists of one internally consistent decision unit called the principal or coordinator. The lower decision level consists of a number of mutually separate decision units (subordinates), each of which is internally consistent. The principal decides on the distribution of resources over the lower level decision units. These decisions are a.o. based on the information provided by the lower level units.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Christensen, J., and B. Obel, 1981, Incentive Issues in Multilevel Organisations using Iterative Planning, Int. Journal of Policy Analysis and Information Systems, Vol. 5/4, pp. 287–304.

    Google Scholar 

  • Christensen, J., 1982, Communication in Agencies, Bell Journal of Economics, pp. 661–674.

    Google Scholar 

  • Fox, G.E. and N.R. Baker, 1985, Project Selection Decision Making Linked to a Dynamic Environment, Management Science, Vol 31/10, pp. 1272–1285.

    Article  Google Scholar 

  • Ruizendaal, G.J. and J. Spronk, 1982, Projectprofielen, in A.C.C. Herst et al. (eds), Financiering en Belegging, Stand van zaken anno 1982, Erasmus University, Rotterdam, pp. 255–266.

    Google Scholar 

  • Spronk, J., 1981, Interactive Multiple Goal Programming: Applications to Financial Planning, Martinus Nijhoff, Boston.

    Book  Google Scholar 

  • Spronk, J., 1985, Financial Planning with Conflicting Objectives, in G. Fandel and J. Spronk (eds), Multiple Criteria Decision Methods and Applications, Springer, Berlin, pp. 269–288.

    Chapter  Google Scholar 

  • Winkofsky, E.P., N.R. Baker and D.J. Sweeney, 1981, A Decision Process Model of R & D Resource Allocation in Hierarchical Organisations. Managment Science. Vol. 27/3, pp. 268–283.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Erasmus University, P.O. Box 1738, 3000 DR, Rotterdam, The Netherlands

    Hans Schaffers & Jaap Spronk

Authors
  1. Hans Schaffers
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Jaap Spronk
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Japan Institute of Systems Research, Nippon-Italy Kyoto Kaikan, 4 Ushinomiya-cho, Yoshida, Sakyo, Kyoto 606, Japan

    Yoshikazu Sawaragi

  2. Department of Aeronautical Engineering, Kyoto University, Yoshida-honmachi, Sakyo, Kyoto 606, Japan

    Koichi Inoue

  3. Department of Applied Mathematics, Konan University, 8-9-1 Okamoto, Higashinada, Kobe 658, Japan

    Hirotaka Nakayama

Rights and permissions

Reprints and permissions

Copyright information

© 1987 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Schaffers, H., Spronk, J. (1987). Two-Level Financial Planning with Conflicting Goals: An Interactive Procedural Approach. In: Sawaragi, Y., Inoue, K., Nakayama, H. (eds) Toward Interactive and Intelligent Decision Support Systems. Lecture Notes in Economics and Mathematical Systems, vol 285. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46607-6_29

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-46607-6_29

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-17718-0

  • Online ISBN: 978-3-642-46607-6

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation