Strategic decision-making under conditions of complex demand and market risks
by G. Phillips-Wren, S. Kramer, P. Sharkey
International Journal of Applied Decision Sciences (IJADS), Vol. 1, No. 3, 2008

Abstract: Strategic management decisions are increasingly affected by high-impact external factors such as new technologies, regulatory changes, and market shifts. It is often difficult to assess likely impacts of such significant changes on an organisation and even harder to find an acceptable course of action in response to different possible futures. Decision makers need to adopt a whole system approach that incorporates the uncertainty associated with dominant factors and permits an assessment of the likelihood of outcomes to plan effective responses. In this paper, we discuss a Monte Carlo simulation model that supports the whole system approach in the context of a healthcare resource capacity decision for a large urban hospital.

Online publication date: Thu, 13-Nov-2008

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Applied Decision Sciences (IJADS):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com