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Management and Application of Decision and Risk Analysis in Du Pont

Author

Listed:
  • F. V. Krumm

    (Du Pont, 1007 Market Street-D-3146, Wilmington, Delaware 19898)

  • C. F. Rolle

    (Du Pont, 1007 Market Street-D-3144, Wilmington, Delaware 19898)

Abstract

Decision and risk analysis (D&RA) enables Du Pont's business teams to develop creative strategy alternatives, evaluate them rigorously, select those with the greatest expected shareholder value, and design implementation plans the businesses can enthusiastically support. Du Pont organized internal and external resources to develop its D&RA capability and incorporated D&RA in several ongoing business processes. One Du Pont business utilized D&RA techniques to develop a business strategy that enhances value by $175 million.

Suggested Citation

  • F. V. Krumm & C. F. Rolle, 1992. "Management and Application of Decision and Risk Analysis in Du Pont," Interfaces, INFORMS, vol. 22(6), pages 84-93, December.
    • Handle: RePEc:inm:orinte:v:22:y:1992:i:6:p:84-93
    DOI: 10.1287/inte.22.6.84
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    Citations

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    Cited by:

    1. Kleijnen, Jack P. C., 1995. "Verification and validation of simulation models," European Journal of Operational Research, Elsevier, vol. 82(1), pages 145-162, April.
    2. Kenneth Chelst, 1998. "Can't See the Forest Because of the Decision Trees: A Critique of Decision Analysis in Survey Texts," Interfaces, INFORMS, vol. 28(2), pages 80-98, April.
    3. Kleijnen, Jack P. C. & Gaury, Eric, 2003. "Short-term robustness of production management systems: A case study," European Journal of Operational Research, Elsevier, vol. 148(2), pages 452-465, July.
    4. Kleijnen, J.P.C., 1995. "Sensitivity analysis and related analysis : A survey of statistical techniques," Research Memorandum FEW 706, Tilburg University, School of Economics and Management.
    5. Donald L. Keefer & Craig W. Kirkwood & James L. Corner, 2004. "Perspective on Decision Analysis Applications, 1990–2001," Decision Analysis, INFORMS, vol. 1(1), pages 4-22, March.

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