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Relating value-focused thinking and interactive planning

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  • R Bordley

    (General Motors Corporation)

Abstract

Value-focused thinking, using the dialogue decision process (DDP), and interactive planning appear to be two totally unrelated processes for making decisions. As this paper shows, new results on the interpretation of utility functions and new ways of thinking about downstream decisions allows us to reinterpret interactive planning as an ideal-focused decision process which is theoretically equivalent to DDP's value-focused decision process. But Ackoff's ideal-focused decision process may be more natural for certain organizational decision settings.

Suggested Citation

  • R Bordley, 2001. "Relating value-focused thinking and interactive planning," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 52(12), pages 1315-1326, December.
    • Handle: RePEc:pal:jorsoc:v:52:y:2001:i:12:d:10.1057_palgrave.jors.2601240
    DOI: 10.1057/palgrave.jors.2601240
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    Cited by:

    1. 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.
    2. Bordley, Robert F., 2005. "Econophysics and individual choice," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 354(C), pages 479-495.

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