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The Elimination Of Tradeoffs In Modern Business And Economics

In: New Frontiers Of Decision Making For The Information Technology Era

Author

Listed:
  • MILAN ZELENY

    (Fordham University, GBA 626E, 113 West 60th Street, New York, N.Y. 10023-7484, USA)

Abstract

Tradeoff analysis is becoming one of the most important parts of modern business and economic decision making. In this chapter, we describe the global Network Economy and its need for tradeoff elimination on the part of producers and service providers. We then offer some conceptual and analytical tools of De novo programming for dealing with this goal. Technological change essentially rewrites the notion of tradeoffs that underpins established practices. Global customers do not want tradeoffs between price, quality, speed, customization, reliability, etc. - they want it all. Global producers are forced to adjust and eliminate the tradeoffs.

Suggested Citation

  • Milan Zeleny, 2000. "The Elimination Of Tradeoffs In Modern Business And Economics," World Scientific Book Chapters, in: Yong Shi & Milan Zeleny (ed.), New Frontiers Of Decision Making For The Information Technology Era, chapter 10, pages 173-195, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812792907_0010
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