THE ELIMINATION OF TRADEOFFS IN MODERN BUSINESS AND ECONOMICS

Milan Zeleny
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Milan Zeleny: Fordham University, GBA 626E, 113 West 60th Street, New York, N.Y. 10023-7484, USA

Chapter 10 in New Frontiers of Decision Making for the Information Technology Era, 2000, pp 173-195 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractTradeoff analysis is becoming one of the most important parts of modern business and economic decision making. In this chapter, we describe the global Network Economy and its need for tradeoff elimination on the part of producers and service providers. We then offer some conceptual and analytical tools of De novo programming for dealing with this goal. Technological change essentially rewrites the notion of tradeoffs that underpins established practices. Global customers do not want tradeoffs between price, quality, speed, customization, reliability, etc. - they want it all. Global producers are forced to adjust and eliminate the tradeoffs.

Keywords: Multiple Criteria; Decision Making; Decision Support Systems; Tradeoff Analysis; System Engineering; Linear Programming (search for similar items in EconPapers)
Date: 2000
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