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Using Values in Operations Research

Author

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  • Ralph L. Keeney

    (University of Southern California, Los Angeles, California)

Abstract

Values pervade the field of operations research. Expressed as objectives, goals, criteria, performance measures, and/or objective functions, they are necessary in theoretical operations research models and in applications. Because of their critical role, it is useful to develop these expressions of values from basic principles. This paper outlines how to identify values for a specific decision problem, how to structure these values to facilitate thinking and analysis, and how to quantify values. Since values provide the basis for interest in a problem, these same values should guide all of our effort on that problem. Two important uses of values are to create better alternatives for decision problems and to define decision problems that are more appealing than those that confront us. On another level, the operations researcher's values are crucial in selecting the research and applications that he or she pursues. I illustrate this with a brief summary of a few projects concerning both life-threatening risks and the storage of nuclear waste. The presentation concludes with a challenge to operations researchers to consider devoting some effort and talent to what I think of as the mega-risks facing our country.

Suggested Citation

  • Ralph L. Keeney, 1994. "Using Values in Operations Research," Operations Research, INFORMS, vol. 42(5), pages 793-813, October.
    • Handle: RePEc:inm:oropre:v:42:y:1994:i:5:p:793-813
    DOI: 10.1287/opre.42.5.793
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    Cited by:

    1. Kane J. Smith & Gurpreet Dhillon & Brigid A. Otoo, 2022. "iGen User (over) Attachment to Social Media: Reframing the Policy Intervention Conversation," Information Systems Frontiers, Springer, vol. 24(6), pages 1989-2006, December.
    2. Edouard Kujawski, 2014. "Interaction Effects in the Design of Computer Simulation Experiments for Architecting Systems‐of‐Systems," Systems Engineering, John Wiley & Sons, vol. 17(4), pages 426-441, December.
    3. Johannes Ulrich Siebert & Detlof von Winterfeldt, 2020. "Comparative Analysis of Terrorists’ Objectives Hierarchies," Decision Analysis, INFORMS, vol. 17(2), pages 97-114, June.
    4. Dimitrios Gouglas & Kendall Hoyt & Elizabeth Peacocke & Aristidis Kaloudis & Trygve Ottersen & John-Arne Røttingen, 2019. "Setting Strategic Objectives for the Coalition for Epidemic Preparedness Innovations: An Exploratory Decision Analysis Process," Service Science, INFORMS, vol. 49(6), pages 430-446, November.
    5. Edouard Kujawski, 2021. "Comment on “Feasibility of Measuring Preferences for Chemotherapy Among Early-Stage Breast Cancer Survivors Using a Direct Rank Ordering Multicriteria Decision Analysis Versus a Time Trade-Off”," The Patient: Patient-Centered Outcomes Research, Springer;International Academy of Health Preference Research, vol. 14(1), pages 145-146, January.
    6. Rajabi, Siamak & Kilgour, D. Marc & Hipel, Keith W., 1998. "Modeling action-interdependence in multiple criteria decision making," European Journal of Operational Research, Elsevier, vol. 110(3), pages 490-508, November.
    7. Ormerod, Richard J. & Ulrich, Werner, 2013. "Operational research and ethics: A literature review," European Journal of Operational Research, Elsevier, vol. 228(2), pages 291-307.
    8. Daniel, S. E. & Diakoulaki, D. C. & Pappis, C. P., 1997. "Operations research and environmental planning," European Journal of Operational Research, Elsevier, vol. 102(2), pages 248-263, October.
    9. Miettinen, Pauli & Hamalainen, Raimo P., 1997. "How to benefit from decision analysis in environmental life cycle assessment (LCA)," European Journal of Operational Research, Elsevier, vol. 102(2), pages 279-294, October.
    10. Zachary A. Collier & James H. Lambert, 2019. "Principles and methods of model validation for model risk reduction," Environment Systems and Decisions, Springer, vol. 39(2), pages 146-153, June.
    11. Vidgen, Richard & Hindle, Giles & Randolph, Ian, 2020. "Exploring the ethical implications of business analytics with a business ethics canvas," European Journal of Operational Research, Elsevier, vol. 281(3), pages 491-501.
    12. Marttunen, Mika & Hamalainen, Raimo P., 1995. "Decision analysis interviews in environmental impact assessment," European Journal of Operational Research, Elsevier, vol. 87(3), pages 551-563, December.
    13. Robin L. Dillon & M. Elisabeth Paté-Cornell & Seth D. Guikema, 2003. "Programmatic Risk Analysis for Critical Engineering Systems Under Tight Resource Constraints," Operations Research, INFORMS, vol. 51(3), pages 354-370, June.
    14. Patricia Ann McKay & Christine A. Vogt & Laura Schmitt Olabisi, 2017. "Development and testing a diagnostic capacity tool for improving socio-ecological system governance," Environment Systems and Decisions, Springer, vol. 37(2), pages 156-183, June.
    15. 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.
    16. Gurpreet Dhillon & Kane J. Smith, 2019. "Defining Objectives for Preventing Cyberstalking," Journal of Business Ethics, Springer, vol. 157(1), pages 137-158, June.
    17. Florian Methling & Steffen A. Borden & Deepak Veeraraghavan & Insa Sommer & Johannes Ulrich Siebert & Rüdiger von Nitzsch & Mark Seidler, 2022. "Supporting Innovation in Early-Stage Pharmaceutical Development Decisions," Decision Analysis, INFORMS, vol. 19(4), pages 337-353, December.
    18. Escobar, María Teresa & Moreno-Jiménez, José María, 2002. "A linkage between the Analytic Hierarchy Process and the Compromise Programming Models," Omega, Elsevier, vol. 30(5), pages 359-365, October.

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