Title :
Building consensus for funds allocation decisions through implementation of a decision support system
Author :
Kettelhut, Michael C.
Author_Institution :
Dallas Univ., Irving, TX, USA
Abstract :
A discussion is presented of a DDS (decision support system) implemented in the highly political environment of a recently acquired division of a Fortune 50 corporation. The system was developed after an assessment of the fund´s allocation decision process and was developed for the decision makers rather than with them or by them. The implementation of this DSS relied on at least two distinct benefits attributed to DSS. First, the DSS provided a basis for group discussion of the factors perceived to be important to a decision at hand. It provided numeric rankings for these factors which could be used for comparison. The use of quantitative models with numeric data, which can be aggregated for review, facilitates objective analysis and reduces cognitive bias which can affect the decision-making process. Second, the DSS added structure in R&D funding decisions
Keywords :
budgeting data processing; decision support systems; financial data processing; DDS; R&D funding decisions; cognitive bias; decision support system; funds allocation decisions; numeric data; quantitative models; Availability; Decision making; Decision support systems; Government; Information management; Production; Proposals; Research and development; Research and development management; Resource management;
Conference_Titel :
System Sciences, 1989. Vol.III: Decision Support and Knowledge Based Systems Track, Proceedings of the Twenty-Second Annual Hawaii International Conference on
Conference_Location :
Kailua-Kona, HI
Print_ISBN :
0-8186-1913-9
DOI :
10.1109/HICSS.1989.49200