• 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