Flexible modelling and support of interrelated decisions

Authors:
Angela Liew;David Sundaram
Affiliations:
Department of Accounting and Finance, University of Auckland, New Zealand;Department of Information Systems and Operations Management, University of Auckland, New Zealand
Venue:
Decision Support Systems
Year:
2009

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Abstract

Decision problems often consist of numerous smaller decisions that are aggregated and interrelated while spanning multiple domains, paradigms, and/or perspectives. Therefore, the decision making process should be structured in such a flexible and iterative manner that enables a range of structured to unstructured decisions to be considered, built and solved in an appropriate manner. We propose and implement a framework and architecture that uses the three pillars of flexibility in decision making (sequential, parallel, convergence, and interwoven), versatility (of paradigm and/or domain), and independence of components (value, dimension, and purpose) to support the decision making process and the entire modelling lifecycle.