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Arbitrage Possibilities in Conflict Situations

Author

Listed:
  • John De Reuck

    (Taylors College)

  • Des Klass

    (Curtin University of Technology)

  • Olive Schmidenberg

    (Curtin University of Technology)

Abstract

This paper argues for a new theoretical methodology that delivers ‘best bet’ decision outcomes in contexts where issues are contested. Governed by the procedural parameters of such a Generalised Decision Assurance Methodology, a multi-criteria decision modelling approach is proposed that allows for the identification of arbitrage possibilities that emerge at the interface between conflicting sets of interests. Such possibilities are then exploited to secure a solution set that is maximally justifiable to both parties.

Suggested Citation

  • John De Reuck & Des Klass & Olive Schmidenberg, 2004. "Arbitrage Possibilities in Conflict Situations," Group Decision and Negotiation, Springer, vol. 13(5), pages 437-448, September.
    • Handle: RePEc:spr:grdene:v:13:y:2004:i:5:d:10.1023_b:grup.0000045747.35080.b4
    DOI: 10.1023/B:GRUP.0000045747.35080.b4
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    References listed on IDEAS

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    1. John de Reuck & Olive Schmidenberg & Des Klass, 2000. "The logic of a command methodology: decision conferencing reconceptualised," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 1(1), pages 2-13.
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    Cited by:

    1. Suzana de Suzana Dantas Daher & Adiel Teixeira Almeida, 2012. "The Use of Ranking Veto Concept to Mitigate the Compensatory Effects of Additive Aggregation in Group Decisions on a Water Utility Automation Investment," Group Decision and Negotiation, Springer, vol. 21(2), pages 185-204, March.

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      Keywords

      decision assurance; GDAM; MCDM;
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