A Formal Model of Managerial Decision Making for Business Case Description
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.
KeywordsDecision making Formal description Business case
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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