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A Formal Model of Managerial Decision Making for Business Case Description

  • Masaaki KunigamiEmail author
  • Takamasa Kikuchi
  • Takao Terano
Chapter
Part of the Communications in Computer and Information Science book series (CCIS, volume 999)

Abstract

This paper proposes a novel formal description model of organizational decision-making: the Managerial Decision-Making Description Model (MDDM). This model introduces a four terminal element representation to describe managerial decisions redefining relationship between their objectives and resources. It enables them to compare various decision-making processes from not only actual business cases but also virtual ones, from an agent-based simulation, too. This model is also applicable in facilitation support for business gaming.

Keywords

Decision making Formal description Business case 

Notes

Acknowledgments

The authors express sincere appreciation for the authors of the work cited in this paper and to the anonymous reviewers of the GEAR2018 conference. The authors would like to thank Enago for the English language review.

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Tokyo Institute of TechnologyYokohamaJapan
  2. 2.Keio UniversityYokohamaJapan
  3. 3.Chiba University of CommerceIchikawaJapan

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