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Portfolio Decision Quality

In: Portfolio Decision Analysis

Author

Listed:
  • Jeffrey Keisler

    (University of Massachusetts Boston)

Abstract

The decision quality framework has been useful for integrating decision analytic techniques into decision processes in a way that adds value. This framework extends to the specific context of portfolio decisions, where decision quality is determined at both the project level and the portfolio level, as well as in the interaction between these two levels. A common heuristic says that the perfect amount of decision quality is the level at which the additional cost of improving an aspect of the decision is equal to the additional value of that improvement. A review of several models that simulate portfolio decision-making approaches illustrates how this value added depends on characteristics of the portfolio decisions, as does the cost of the approaches.

Suggested Citation

  • Jeffrey Keisler, 2011. "Portfolio Decision Quality," International Series in Operations Research & Management Science, in: Ahti Salo & Jeffrey Keisler & Alec Morton (ed.), Portfolio Decision Analysis, chapter 0, pages 29-51, Springer.
    • Handle: RePEc:spr:isochp:978-1-4419-9943-6_2
    DOI: 10.1007/978-1-4419-9943-6_2
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    Cited by:

    1. Amine Abderma & Abderma Amine & Benesrighe Driss, 2019. "A longitudinal analysis of project management process maturity : case of Moroccan higher education, a projection on Mark Mullaly's model [Revue du Contrôle de la Comptabilité et de l'Audit Une anal," Post-Print hal-02171419, HAL.
    2. Kurth, Margaret & Keisler, Jeffrey M. & Bates, Matthew E. & Bridges, Todd S. & Summers, Jeffrey & Linkov, Igor, 2017. "A portfolio decision analysis approach to support energy research and development resource allocation," Energy Policy, Elsevier, vol. 105(C), pages 128-135.

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