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Structuring Value Attributes

Author

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  • Dennis M. Buede

    (Decision Logistics, 2139 Golf Course Drive, Reston, Virginia 22091)

Abstract

Currently, structuring decision problems is more art than science. A useful decision analysis should characterize and discriminate between alternatives so that the decision maker can make an informed decision. Identifying the value attributes is an early and important step in such an analysis; two systematic methods are used to elicit and organize value attributes.

Suggested Citation

  • Dennis M. Buede, 1986. "Structuring Value Attributes," Interfaces, INFORMS, vol. 16(2), pages 52-62, April.
    • Handle: RePEc:inm:orinte:v:16:y:1986:i:2:p:52-62
    DOI: 10.1287/inte.16.2.52
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    Citations

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    Cited by:

    1. Marttunen, Mika & Haag, Fridolin & Belton, Valerie & Mustajoki, Jyri & Lienert, Judit, 2019. "Methods to inform the development of concise objectives hierarchies in multi-criteria decision analysis," European Journal of Operational Research, Elsevier, vol. 277(2), pages 604-620.
    2. Angelis, Aris & Kanavos, Panos, 2017. "Multiple Criteria Decision Analysis (MCDA) for evaluating new medicines in Health Technology Assessment and beyond: The Advance Value Framework," Social Science & Medicine, Elsevier, vol. 188(C), pages 137-156.
    3. Fry, Phillip C. & Rinks, Dan B. & Ringuest, Jeffrey L., 1996. "Comparing the predictive validity of alternatively assessed multi-attribute preference models when relevant decision attributes are missing," European Journal of Operational Research, Elsevier, vol. 94(3), pages 599-609, November.
    4. Gregory S. Parnell & Harry W. Conley & Jack A. Jackson & Lee J. Lehmkuhl & John M. Andrew, 1998. "Foundations 2025: A Value Model for Evaluating Future Air and Space Forces," Management Science, INFORMS, vol. 44(10), pages 1336-1350, October.
    5. Phillips-Wren, G. & Mora, M. & Forgionne, G.A. & Gupta, J.N.D., 2009. "An integrative evaluation framework for intelligent decision support systems," European Journal of Operational Research, Elsevier, vol. 195(3), pages 642-652, June.
    6. L. Robin Keller & Craig W. Kirkwood, 1999. "The Founding of INFORMS: A Decision Analysis Perspective," Operations Research, INFORMS, vol. 47(1), pages 16-28, February.
    7. A Morton & B Fasolo, 2009. "Behavioural decision theory for multi-criteria decision analysis: a guided tour," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(2), pages 268-275, February.
    8. Ellspermann, Susan J. & Evans, Gerald W. & Basadur, Min, 2007. "The impact of training on the formulation of ill-structured problems," Omega, Elsevier, vol. 35(2), pages 221-236, April.
    9. Tianjun Feng & L. Robin Keller, 2006. "A Multiple-Objective Decision Analysis for Terrorism Protection: Potassium Iodide Distribution in Nuclear Incidents," Decision Analysis, INFORMS, vol. 3(2), pages 76-93, June.
    10. Montibeller, Gilberto & Franco, Alberto & Lord, Ewan & Iglesias, Aline, 2008. "Structuring multi-criteria portfolio analysis models," LSE Research Online Documents on Economics 22693, London School of Economics and Political Science, LSE Library.
    11. Florian Methling & Steffen A. Borden & Deepak Veeraraghavan & Insa Sommer & Johannes Ulrich Siebert & Rüdiger von Nitzsch & Mark Seidler, 2022. "Supporting Innovation in Early-Stage Pharmaceutical Development Decisions," Decision Analysis, INFORMS, vol. 19(4), pages 337-353, December.
    12. Montibeller, Gilberto & Franco, L. Alberto & Lord, Ewan & Iglesias, Aline, 2009. "Structuring resource allocation decisions: A framework for building multi-criteria portfolio models with area-grouped options," European Journal of Operational Research, Elsevier, vol. 199(3), pages 846-856, December.
    13. L. Robin Keller & Craig W. Kirkwood & Nancy S. Jones, 2010. "Assessing stakeholder evaluation concerns: An application to the Central Arizona water resources system," Systems Engineering, John Wiley & Sons, vol. 13(1), pages 58-71, March.

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    Keywords

    decision analysis: applications;

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