A structure and scoring method for judging alternatives

The appraisal of policies and programs are both complex and challenging. This is largely due to the scale, uncertainty and number of dimensions that must be considered when making judgments and determining value. In addition, there are competing, often conflicting values, multiple objectives and stakeholders, and the presence of both hard and soft factors. Finding an overall measure of value and establishing preference structures amongst decision-makers amidst this turmoil continues to be a real challenge and emphasises the need for considering value in terms other than pure cost.This paper describes a decision support framework that integrates Multi-attribute Value Analysis and Stated Preference techniques for appraising Complex Programs. The approach is a composite framework that structures stakeholder values, objectives and attributes and assists in the development of experimental designs to determine the preference and value structures amongst decision-makers.

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A Scoring Methodology for Assessing the Suitability of Management Science Models

Souder¹

1972

Management Science

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In this study, five major criteria (realism, flexibility, capability, ease of use, and cost) for evaluating the suitability of management science models for R&D project selection are established, through personal interviews with R&D administrators and management scientists. A suitability rating system, based on these criteria, is used by the author to rate twenty-six management science models for their suitability of use in R&D project selection decision making. Profitablility index and scoring types of models were found to have generally higher ease of use and lower cost performances than the other types. The linear and nonlinear models had generally higher flexibility, while the linear, nonlinear and zero-one models had generally higher realism than the other model types.

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A structure and scoring method for judging alternatives

Cited by 4 publications

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Identifying key factors in the evaluation of tenders for projects and services

Identifying key factors in the evaluation of tenders for projects and services

Program Appraisal: A Value Based Preference Modelling Approach

A Scoring Methodology for Assessing the Suitability of Management Science Models

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