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Evaluation Analysis with Microcomputers

Public Productivity ReviewPublished 1 January 1987
Stuart S. Nagel
Citations38

TL;DR

The essence of decision-aiding software is that it is designed to process a set of goals to be achieved, alternatives for achieving them, and relations between goals and alternatives, in order to choose the best alternative, combination, or resource allocation in light of the goals, alternatives, and Relations.

Abstract

The essence of decision-aiding software is that it is designed to process a set of goals to be achieved, alternatives for achieving them, and relations between goals and alternatives, in order to choose the best alternative, combination, or resource allocation in light of the goals, alternatives, and relations. The main benefit of decision-aiding software is its accurate and quick handling of five key methodological problems in decision making. They are: 1. Multiple dimensions on multiple goals. This is the apples and oranges program. 2. Multiple missing information. 3. Multiple alternatives that are too many for us to be able to determine the effects of each one. 4. Multiple and possibly conflicting constraints. 5. The need for simplicity in drawing and presenting conclusions in spite of all that multiplicity (Nagel, 1984; Quade, 1982; Posner, 1977; Tullock, 1971).

Keywords

Economics, Econometrics and Finance