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Value-Focused Supply Chain Risk Analysis

In: Enterprise Risk Management Models

Author

Listed:
  • David L. Olson

    (University of Nebraska)

  • Desheng Wu

    (University of Toronto)

Abstract

A fundamental premise of Keeney’s book (1992) is that decision makers should not settle for those alternatives that are thrust upon them. The conventional solution process is to generate alternative solutions to a problem, and then focus on objectives. This framework tends to suppose an environment where decision makers are powerless to do anything but choose among given alternatives. It is suggested that a more fruitful approach would be for decision makers to take more control over this process, and use objectives to create alternatives, based on what the decision makers would like to achieve, and why objectives are important.

Suggested Citation

  • David L. Olson & Desheng Wu, 2010. "Value-Focused Supply Chain Risk Analysis," Springer Books, in: Enterprise Risk Management Models, chapter 0, pages 91-101, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-11474-8_7
    DOI: 10.1007/978-3-642-11474-8_7
    as

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