Abstarct
Business decisions usually involve multiple conflicting objectives. This chapter reviews processes to structure such decisions, and provides a detailed method of the simple multi-attribute rating theory (SMART) to analyze such decisions in a systematic manner. Calculations are demonstrated.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Edwards, W. (1977a). How to use multiattribute utility measurement for social decisionmaking. IEEE Transactions on Systems, Man, and Cybernetics, SMC-7, 5, 326–340.
Edwards, W. (1977b). op cit.
Keeney, R. L. (1992). Value-focused thinking: A path to creative decisionmaking. Harvard University Press.
Keeney, R. L., & Raiffa, H. (1976). Decisions with multiple objectives: Preferences and value tradeoffs. John Wiley & Sons.
Keeney, R. L., Renn, O., & von Winterfeldt, D. (1987). Structuring Germany’s energy objectives. Energy Policy, 15, 352–362.
Neiger, D., Rotaru, K., & Churilov, L. (2009). Supply chain risk identification with value-focused process engineering. Journal of Operations Management, 27, 154–168.
Olson, D. L. (1996a). Decision aids for selection problems. Springer.
Olson. (1996b). op cit.
Olson, D. L., Mechitov, A. I., & Moshkovich, H. (1998). Cognitive Effort and Learning Features of Decision Aids: Review of Experiments. Journal of Decision Systems, 7(2), 129–146.
Olson, D. L., Moshkovich, H. M., Schellenberger, R., & Mechitov, A. I. (1995). Consistency and Accuracy in Decision Aids: Experiments with Four Multiattribute Systems. Decision Sciences, 26(6), 723–749.
Raiffa, H. (1968). Decision Analysis. Addison-Wesley.
Saaty, T. L. (1988). Decision making for leaders: The analytic hierarchy process for decisions in a complex world. RWS Publications.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2023 Springer-Verlag GmbH Germany, part of Springer Nature
About this chapter
Cite this chapter
Olson, D.L., Wu, D. (2023). Value-Focused Supply Chain Risk Analysis. In: Enterprise Risk Management Models. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-68038-4_3
Download citation
DOI: https://doi.org/10.1007/978-3-662-68038-4_3
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-662-68037-7
Online ISBN: 978-3-662-68038-4
eBook Packages: Business and ManagementBusiness and Management (R0)