Mid Sweden University

miun.sePublications
System disruptions
We are currently experiencing disruptions on the search portals due to high traffic. We are working to resolve the issue, you may temporarily encounter an error message.
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Decision making under Risk and Uncertainty
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Technology and Media.
Responsible organisation
2006 (English)In: IAENG International Journal of Computer Science, ISSN 1819-656X, E-ISSN 1819-9224, Vol. 32, no 4Article in journal (Refereed) Published
Place, publisher, year, edition, pages
2006. Vol. 32, no 4
National Category
Information Systems
Identifiers
URN: urn:nbn:se:miun:diva-372OAI: oai:DiVA.org:miun-372DiVA, id: diva2:1990
Available from: 2007-11-29 Created: 2009-03-24 Last updated: 2018-01-13Bibliographically approved
In thesis
1. Development of Elicitation Methods for Managerial Decision Support
Open this publication in new window or tab >>Development of Elicitation Methods for Managerial Decision Support
2007 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Decision‐makers in organisations and businesses make numerous decisions every day, and these decisions are expected to be based on facts and carried out in a rational manner. However, most decisions are not based on precise information or careful analysis due to several reasons. People are, e.g., unable to behave rationally as a result of their experiences, socialisation, and additionally, because humans possess fairly limited capacities for processing information in an objective manner. In order to circumvent this human incapacity to handle decision situations in a rational manner, especially those involving risk and uncertainty, a widespread suggestion, at least in managerial decision making, is to take advantage of support in the form of decision support systems. One possibility involves decision analytical tools, but they are, almost without exception, not efficiently employed in organisations and businesses. It appears that one reason for this is the high demands the tools place on the decision‐maker in a variety of ways, e.g., by presupposing that reliable input data is obtainable by an exogenous process. Even though the reliability of current decision analytic tools is highly dependent on the quality of the input data, they rarely contain methods for eliciting data from the users. The problem focused on in this thesis is the unavailability and inefficiency of methods for eliciting decision information from the users. The aim is to identify problem areas regarding the elicitation of decision data in real decision making processes, and to propose elicitation methods that take people’s natural choice strategies and natural behaviour into account. In this effort, we have identified a conceptual gap between the decision‐makers, the decision models, and the decision analytical tools, consisting of seven gap components. The gap components are of three main categories (of which elicitation is one). In order to study elicitation problems, a number of empirical studies, involving more than 400 subjects in total, have been carried out in Sweden and Brazil. An iterative research approach has been adopted and a combination of quantitative and qualitative methods has been used. Findings made in this thesis include the fact that decision‐makers have serious problems in many decision situations due to not having access to accurate and relevant data in the first place, and secondly, not having the means for retrieving such data in a proper manner, i.e. lacking elicitation methods for this purpose. Employing traditional elicitation methods in this realm yield results that reveal an inertia gap, i.e. an intrinsic inertia in people’s natural behaviour to shift between differently framed prospects, and different groups of decisionmakers displaying different choice patterns. Since existing elicitation methods are unable to deal with the inertia, we propose a class of methods to take advantage of this natural behaviour, and also suggest a representation for the elicited information. An important element in the proposed class of methods is also that we must be able to fine‐tune methods and measuring instruments in order to fit into different types of decision situations, user groups, and choice behaviours.

Series
Mid Sweden University doctoral thesis, ISSN 1652-893X ; 24
Keywords
elicitation methods, probability and utility assessment, interval estimations, Business Intelligence, prescriptive methods, risk elicitaion, decision, decision making, managerial decision making, decision making under risk, BI, decision theory, management, beslutsproblematik, tumregler, intuitivt beslutsfattande, intuition beslut, decision problem, beslutsanalys, beslutsteori, ledarskap, management, beslutsfattande, magkänsla, beslutsproblem, BI, Business Intelligence
National Category
Information Systems
Identifiers
urn:nbn:se:miun:diva-40 (URN)978-91-85317-53-0 (ISBN)
Public defence
2007-06-08, L111, Lilla Bryggeriet, Mittuniversitetet, Sundsvall, 10:00 (English)
Supervisors
Available from: 2007-11-29 Created: 2007-11-29 Last updated: 2018-01-13Bibliographically approved

Open Access in DiVA

No full text in DiVA

Authority records

Riabacke, Ari

Search in DiVA

By author/editor
Riabacke, Ari
By organisation
Department of Information Technology and Media
In the same journal
IAENG International Journal of Computer Science
Information Systems

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 365 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf