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Models and Managers : The Concept of a Decision Calculus

Loại tài liệu: Tài liệu số - Book

Thông tin trách nhiệm: Little, John D. C.

Nhà Xuất Bản: Forgotten Books

Năm Xuất Bản: 2018

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Tóm tắt

A manager tries to put together the various resources under his control into an activity that achieves his objectives. A model of his operation can assist him but probably will not unless it meets certain requirements. A model that is to be used by a manager should be simple, robust, easy to control, adaptive, as complete as possible, and easy to communicate with. By simple is meant easy to understand; by robust, hard to get absurd answers from; by easy to control, that the user knows what input data would be required to produce desired output answers; adaptive means that the model can be adjusted as new information is acquired; completeness implies that important phenomena will be included even if they require judgmental estimates of their effect; and, finally, easy to communicate with means that the manager can quickly and easily change inputs and obtain and understand the outputs. Such a model consists of a set of numerical procedures for processing data and judgments to assist managerial decision making and so will be called a decision calculus. An example from marketing is described. It is an on-line model for use by product managers on advertising budgeting questions. The model is currently in trial use by several product managers.

Ngôn ngữ:en
Thông tin trách nhiệm:Little, John D. C.
Thông tin nhan đề:Models and Managers : The Concept of a Decision Calculus
Nhà Xuất Bản:Forgotten Books
Loại hình:Book
Bản quyền:© 2018 FB &c Ltd
Mô tả vật lý:74 p.
Năm Xuất Bản:2018

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