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Decision Making under Uncertainty Decision and Risk Analysis at Du Pont
| Content Provider | Semantic Scholar |
|---|---|
| Abstract | F ormal decision analysis in the face of uncertainty frequently occurs at the most strategic levels of a company's planning process and typically involves teams of high-level managers from all areas of the company. This is certainly the case with Du Pont, as reported by two internal decision analysis experts, Krumm and Rolle (1992), in their article " Management and Application of Decision and Risk Analysis in Du Pont. " Du Pont's formal use of decision analysis began in the 1960s, but because of a lack of computing power and distrust of the method by senior-level management, it never really got a foothold. However, by the mid-1980s things had changed considerably. The company was involved in a faster-moving, more uncertain environment, more people throughout the company were empowered to make decisions, and these decisions had to be made more quickly. In addition, the computing power had arrived to 493 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://h222767.temppublish.com/DecisionMaking/DecisionUncertainty.pdf |
| Alternate Webpage(s) | http://www.anvari.net/DecisionMaking/DecisionUncertainty.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
