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A multidimensional framework for financial–economic decisions

✍ Scribed by Winfried Hallerbach; Jaap Spronk

Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
167 KB
Volume
11
Category
Article
ISSN
1057-9214

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✦ Synopsis

Abstract

Most financial–economic decisions are made consciously, with a clear and constant drive to ‘good’, ‘better’ or even ‘optimal’ decisions. Nevertheless, many decisions in practice do not earn these qualifications, despite the availability of financial economic theory, decision sciences and ample resources. We plea for the development of a multidimensional framework to support financial economic decision processes. Our aim is to achieve a better integration of available theory and decision technologies. We sketch (a) what the framework should look like, (b) what elements of the framework already exist and which not, and (c) how the MCDA community can co‐operate in its development. Copyright © 2003 John Wiley & Sons, Ltd.

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