摘要:

The Analytic Hierarchy Process has been widely used for decision analysis, especially in situations where there are important qualitative aspects that require consideration in conjunction with various measurable quantitative factors. The popularity of the method can be attributed in part to the comparatively simple manner by which it combines qualitative ratings with quantitative measurements to arrive at overall priorities for the alternatives. In recent times another multicriterial decision methodology has emerged based on Fuzzy Set Theory. This method uses everyday words for rating and translates these linguistic variables into fuzzy sets for subsequent operations. The method is also relatively simple to apply and possess a similar ability to the Analytic Hierarchy Process for combining quantitative and qualitative factors. These two methods were applied to the question of whether to introduce a new IT system into a public hospital. Both, the same factors and the same experts for rating, were used when applying the methods. The results and practical aspects of using the two methods are compared.

ISSN:0013-791X    

DOI:10.1080/00137919508903151

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

A fundamental element of the business strategy process is allocating capital and corporate resources. Managers of this process are often faced with complicating factors such as financial risk and uncertainty about potential outcomes. This paper describes a decision science methodology for systematically integrating the processes of business strategy and capital allocation. We present an application of this methodology by a large oil and gas company concerned with allocating an annual $200 million capital budget. This approach is shown to have broad implications for managers in all sectors and provides rich insight into the effects of integrating corporate objectives and risk policy into the investment choice process.

ISSN:0013-791X    

DOI:10.1080/00137919508903152

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

To narrow the discrepancy between the benefits of investment in flexible automation of manufacturing systems promised by financial evaluation tools and the benefits realized in practice, we distinguish the potential flexibility of a system from its realizable flexibility. A classification is given of the realizable flexibility in automated manufacturing systems in mass, mid-variety and mid-volume, and multi-variety and small-volume production systems. A systematic procedure for quantifying the realizable flexibility in monetary terms and integrating this value into a Financial evaluation model is proposed and applied to a test case with significant results. Comparisons are also made with typical previous studies.

ISSN:0013-791X    

DOI:10.1080/00137919508903153

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

This paper examines the use of a simple heuristic for evaluating projects. We posit that ranking projects by IRR and rejecting marginal projects can be superior to a NPV rule if 1) project managers have incentives to overstate cash flow forecasts that occur late in a project's life, 2) project rankings determine project acceptance because not all positive NPV project's are accepted, and 3) a project's IRR is greater than the WACC. In these instances, the IRR heuristic undervalues distant cash flows and thus, reduces project managers' incentives to positively bias forecasts.

ISSN:0013-791X    

DOI:10.1080/00137919508903154

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

Most policy debates are fought largely with volleys of ideological slogans rather than evaluations of the costs and benefits arising from alternative proposals. The failure to measure costs and benefits creates a vacuum, rendering the political process more susceptible to manipulation by special interests. A lack of information regarding costs and benefits can also inhibit negotiations for mutually beneficial compromises. The failure to employ cost benefit analysis arises from the expense and time involved in measuring complicated phenomena. In addition, when decision makers do employ cost benefit analysis, they often omit significant gains and losses due to difficulties encountered in collecting information. In order to remedy these difficulties policy makers must make better use of computer software, which is currently being developed.

ISSN:0013-791X    

DOI:10.1080/00137919508903155

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919508903156

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919508913042

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919508913043

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919508903157

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor