A Multidimensional Framework for Financial-Economic Decisions
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.
|decision analysis, decision making, finance, financial decisions, multiple criteria|
|Statistical Decision Theory; Operations Research (jel C44), Corporate Finance and Governance (jel G3), Corporate Finance and Governance: General (jel G30), Business Administration and Business Economics; Marketing; Accounting (jel M), Accounting (jel M41)|
|ERIM Report Series Research in Management|
|Organisation||Erasmus Research Institute of Management|
Hallerbach, W.G.P.M, & Spronk, J. (2003). A Multidimensional Framework for Financial-Economic Decisions (No. ERS-2003-021-F&A). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/321