Common mistakes in making value trade-offs
Publication
, Journal Article
Keeney, RL
Published in: Operations Research
January 1, 2002
Value trade-offs define how much must be gained in the achievement of one objective to compensate for a lesser achievement on a different objective. Value trade-offs that adequately express a decision maker's values are essential both for good decision making in multiple-objective contexts and for insightful analyses of multiple-objective decisions. This paper identifies and illustrates 12 important mistakes frequently made that limit one's ability to determine useful value trade-offs. It then suggests how to avoid making these mistakes. The intent is to provide practical advice for making good value trade-offs, and hence, better decisions.
Duke Scholars
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Published In
Operations Research
DOI
ISSN
0030-364X
Publication Date
January 1, 2002
Volume
50
Issue
6
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics
Citation
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Chicago
ICMJE
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Keeney, R. L. (2002). Common mistakes in making value trade-offs. Operations Research, 50(6). https://doi.org/10.1287/opre.50.6.935.357
Keeney, R. L. “Common mistakes in making value trade-offs.” Operations Research 50, no. 6 (January 1, 2002). https://doi.org/10.1287/opre.50.6.935.357.
Keeney RL. Common mistakes in making value trade-offs. Operations Research. 2002 Jan 1;50(6).
Keeney, R. L. “Common mistakes in making value trade-offs.” Operations Research, vol. 50, no. 6, Jan. 2002. Scopus, doi:10.1287/opre.50.6.935.357.
Keeney RL. Common mistakes in making value trade-offs. Operations Research. 2002 Jan 1;50(6).
Published In
Operations Research
DOI
ISSN
0030-364X
Publication Date
January 1, 2002
Volume
50
Issue
6
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics