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Value-Focused Supply Chain Risk Analysis

David L. Olson () and Desheng Wu ()
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David L. Olson: University of Nebraska
Desheng Wu: University of Toronto

Chapter Chapter 7 in Enterprise Risk Management Models, 2010, pp 91-101 from Springer

Abstract: Abstract A fundamental premise of Keeney’s book (1992) is that decision makers should not settle for those alternatives that are thrust upon them. The conventional solution process is to generate alternative solutions to a problem, and then focus on objectives. This framework tends to suppose an environment where decision makers are powerless to do anything but choose among given alternatives. It is suggested that a more fruitful approach would be for decision makers to take more control over this process, and use objectives to create alternatives, based on what the decision makers would like to achieve, and why objectives are important.

Keywords: Decision Maker; Supply Chain; Analytic Hierarchy Process; Fundamental Objective; Labor Dispute (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-11474-8_7

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DOI: 10.1007/978-3-642-11474-8_7

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