Abstract
Chapter 5 introduces into the decision-making procedures. First the notion of decision-making procedure is explained. Then four types of decision-making procedures are distinguished: general heuristic decision-making procedures, specific heuristic decision-making procedures, general analytic decision-making procedures and specific analytic decision-making procedures. It follows a comparison of heuristic and analytic procedures. Finally, to get a better understanding of the different types, three examples of decision-making procedures are given: a procedure for developing corporate strategies, the linear programming and the Harris-Wilson model for determining the optimal order quantity.
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Grünig, R., Kühn, R. (2017). Decision-Making Procedures. In: Solving Complex Decision Problems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-53814-2_5
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DOI: https://doi.org/10.1007/978-3-662-53814-2_5
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