Decision-Making Procedures

Chapter

Abstract

Chapter 5 introduces into the decision-making procedures. First the notion of decision-making procedure is explained. Then four types of decision-making procedures are distinguished: general heuristic decision-making procedures, specific heuristic decision-making procedures, general analytic decision-making procedures and specific analytic decision-making procedures. It follows a comparison of heuristic and analytic procedures. Finally, to get a better understanding of the different types, three examples of decision-making procedures are given: a procedure for developing corporate strategies, the linear programming and the Harris-Wilson model for determining the optimal order quantity.

Keywords

Order Quantity Business Unit Corporate Strategy Goal Function Rule System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Bertsimas D, Freund M (2004) Data, models and decisions; the fundamentals of management science. BelmontGoogle Scholar
  2. Feigenbaum E, Feldman J (1963) Artificial intelligence; introduction. In: Feigenbaum E, Feldmann J (eds) Computers and thought. New York etc., pp 1–10Google Scholar
  3. Fischer J (1981) Heuristische Investitionsplanung. BerlinGoogle Scholar
  4. Grant R (2010) Contemporaty strategy analysis, 7th edn. MassachusettsGoogle Scholar
  5. Grünig R (1990) Verfahren zur Überprüfung und Verbesserung von Planungskonzepten. Bern/StuttgartGoogle Scholar
  6. Grünig R, Kühn R (2011) Process-based strategic planning, 6th edn. Berlin/HeidelbergGoogle Scholar
  7. Gygi U (1982) Wissenschaftsprogramme in der Betriebswirtschaftslehre. ZofingenGoogle Scholar
  8. Hedley B (1977) Strategy and the business portfolio. Long Range Plan (1):9–15Google Scholar
  9. Klein H (1971) Heuristische Entscheidungsmodelle; Neue Techniken des Programmierens und Entscheidens für das Management. WiesbadenGoogle Scholar
  10. Kühn R (1978) Entscheidungsmethodik und Unternehmungspolitik; Methodische Überlegungen zum Aufbau einer betriebswirtschaftlichen Spezialdisziplin, erarbeitet am Gegenstandsbereich der Unternehmungspolitik. Bern/StuttgartGoogle Scholar
  11. Little J (1970) Models and managers: the concept of a decision calculus. Manag Sci (8):B-466–B-485Google Scholar
  12. Minsky M (1961) Steps toward artificial intelligence. Proc Inst Radio Eng 8–30Google Scholar
  13. Simchi-Levi D, Kaminsky P, Simchi-Levi E (2009) Designing and managing the supply chain, 3rd edn. BostonGoogle Scholar
  14. Simon HA, Newell A (1958) Heuristic problem solving; the next advance in operations research. Oper Res 1–10Google Scholar
  15. Streim H (1975) Heuristische Lösungsverfahren; Versuch einer Begriffsklärung. Zeitschrift für Operations Research: 143–162Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Chair of ManagementUniversity of FribourgFribourgSwitzerland
  2. 2.MarlySwitzerland

Personalised recommendations