IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v22y1992i6p94-109.html
   My bibliography  Save this article

Value-Focused Thinking about Strategic Decisions at BC Hydro

Author

Listed:
  • Ralph L. Keeney

    (Systems Management Department, University of Southern California, Los Angeles, California 90089-0021)

  • Timothy L. McDaniels

    (Westwater Research Center, University of British Columbia, Vancouver, British Columbia, Canada V6T 1W5)

Abstract

Clarity of the basic values of an organization will become increasingly important as organizations grapple with increasingly complex decisions in the 1990s. To structure and quantify basic values of the British Columbia Hydro and Power Authority, we elicited strategic objectives for the organization from three individuals, then refined and structured them into a hierarchy. We developed attributes and elicited a utility function to illustrate value trade-offs at the strategic level. The results have guided senior planners at BC Hydro in addressing a range of strategic issues. The work indicates that by carefully structuring values, one can provide significant insight for virtually all major decisions facing an organization.

Suggested Citation

  • Ralph L. Keeney & Timothy L. McDaniels, 1992. "Value-Focused Thinking about Strategic Decisions at BC Hydro," Interfaces, INFORMS, vol. 22(6), pages 94-109, December.
    • Handle: RePEc:inm:orinte:v:22:y:1992:i:6:p:94-109
    DOI: 10.1287/inte.22.6.94
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.22.6.94
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.22.6.94?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:22:y:1992:i:6:p:94-109. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.