falldidntshow

falldidntshow - Nominal Group Technique 5 steps The Delphi...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Nominal Group Technique 5 steps The Delphi Technique—fancy NGT, but with a couple of twists The members never meet The members remain anonymous It is the same five steps as NGT, but the information is gathered via questionnaires Problems with Delphi Technique -Can be expensive and time consuming -If questionnaires used to gather information are poorly designed, then you will get poor results. -If you wait too long between each step, then interest and motivation are significantly reduced. Operations Research (OR) Technique These techniques improve the evaluation of alternatives by making the evaluation more systematic Alternatives Outcomes Expected Value A--------.50----------- 1($100) = $50 B---------.33---------- 2($200) = $66 C----------.75--------- 3($200) = $150 This is an aid, not a substitute for managerial decision making Fine points concerning OR Techniques ( know what they are used for—in notes) Most useful in risk situations -They’re an aid and not a substitute for managerial decision-making
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

falldidntshow - Nominal Group Technique 5 steps The Delphi...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online