DocumentCode
276009
Title
Medial surface models of rational expected utility maximizing decision-making (REDM)
Author
Woodcock, A.E.R.
fYear
1992
fDate
6-8 Apr 1992
Firstpage
209
Lastpage
215
Abstract
The increased complexity of modern societal, geopolitical, and military environments has stressed the need for a new understanding of nature of information-decision-action systems in order to support decision-making. Additional research into the nature of perception and how perceptions are linked into the decision-making process is also a high priority. As a contribution to these goals, catastrophe landscapes and medial surfaces, which serve as decisional landscape models of the decision-making process have been developed. Their use as models of satisficing decision-making (SDM) and rational expected utility maximization decision-making (REDM), respectively, are described and analysed. This analysis demonstrates that selection of a REDM strategy can preclude the emergence of compromise in conflicting situations that are subject to external fact-finding and arbitration
fLanguage
English
Publisher
iet
Conference_Titel
Information-Decision-Action Systems in Complex Organisations, 1992., International Conference on
Conference_Location
Oxford
Print_ISBN
0-85296-541-9
Type
conf
Filename
140413
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