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Please use this identifier to cite or link to this item: http://hdl.handle.net/10204/5491

Title: Decision-making: Theory and Practice
Authors: Turpin, SM
Marais, MA
Keywords: Decision support systems
Subjective expected utility
Rational model
Decision making theories
Decision making practices
Issue Date: 2004
Publisher: Stellenbosch University Library and Information Service
Citation: Turpin, SM and Marais, MA. 2004. Decision-making: Theory and Practice. Orion, Vol 20(2), pp 143–160
Series/Report no.: Workflow request;7873
Abstract: This paper compares a number of theoretical models of decision-making with the way in which senior managers make decisions in practice. Six prominent decision-makers were interviewed about their own decision-making style as well as their use of decision support technology. Much variation was found in people’s personal decision-making styles. However, some central themes emerged, such as the importance of sensitivity to the decision-making context, attention to the presentation of information, and the use of gut feel or intuition. In terms of the use of decision support technology, the use of self-help tools such as office software was clearly favoured.
Description: Powered by OJS and hosted by Stellenbosch University Library and Information Service since 2011.
URI: http://orion.journals.ac.za/pub/article/view/12/12
ISSN: 0529-191X
Appears in Collections:Logistics and quantitative methods
General science, engineering & technology

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