Application of Matrix Equations in the Aida Method

Wiśniewski Michał ()
Additional contact information
Wiśniewski Michał: Warsaw University of Technology, Faculty of Management, Warsaw, Poland

Foundations of Management, 2019, vol. 11, issue 1, 267-276

Abstract: The article presents the problem of a decision-making process based on the method known as the analysis of interconnected decision areas (AIDA). Author described the basic assumptions of the AIDA method and the classic method of its implementation with the usage of a decision tree. Crucially, the new and innovative improvement in development of the AIDA method is connected with the replacement of the decision tree by the matrix equation to speed up the cost assessment of decision variants.

Keywords: decision-making; decisive problem; matrix; decision area; elementary decision; decision trees (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/fman-2019-0022 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:11:y:2019:i:1:p:267-276:n:22

DOI: 10.2478/fman-2019-0022

Access Statistics for this article

Foundations of Management is currently edited by Tadeusz Krupa

More articles in Foundations of Management from Sciendo
Bibliographic data for series maintained by Peter Golla ().