Fibonacci Hierarchies for Decision Making

Mustafa Yücel and Emre Tokel ()

MPRA Paper from University Library of Munich, Germany

Abstract: All decisions are practically made within a chainwise social setup named a decision-making chain (DMC). This paper considers some cases of an idea (a project proposal) propagating through an organizational DMC. Survival of a proposal through successive links of the DMC depends on the relative power of those links, in addition to proposal’s intrinsic value. Then it is not impossible to reject a good proposal or to fail to reject a bad proposal, either of which may generate undesired, though not detrimental, outcomes. We consider here a simple metric to assess quality of decision-making. The notion of quality here derives from “not declining (not accepting) a project that is of high (poor) intrinsic value”. As Fibonacci series establish the mathematical basis of our proposed metric, metric is simply named a Fibonacci metric.

Keywords: Decision making chains; Innovation; Fairness metric; Fibonacci series (search for similar items in EconPapers)
JEL-codes: A1 C00 Z1 (search for similar items in EconPapers)
Date: 2010-02-25
New Economics Papers: this item is included in nep-hpe, nep-mic, nep-ppm and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20973

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