Relating value-focused thinking and interactive planning

R Bordley ()
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R Bordley: General Motors Corporation

Journal of the Operational Research Society, 2001, vol. 52, issue 12, 1315-1326

Abstract: Abstract Value-focused thinking, using the dialogue decision process (DDP), and interactive planning appear to be two totally unrelated processes for making decisions. As this paper shows, new results on the interpretation of utility functions and new ways of thinking about downstream decisions allows us to reinterpret interactive planning as an ideal-focused decision process which is theoretically equivalent to DDP's value-focused decision process. But Ackoff's ideal-focused decision process may be more natural for certain organizational decision settings.

Keywords: corporate planning; decision analysis; organizational studies; interactive planning; dialogue decision process (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/palgrave.jors.2601240

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