Computer-Based Models in the Decision Making and Control Process (Classic Reprint) - Softcover

J. M. McInnes

 
9780259905646: Computer-Based Models in the Decision Making and Control Process (Classic Reprint)

Synopsis

This book investigates the use of computer-based models in decision-making and control within profit-directed organizations. Based on a research sample gathered from 18 companies, the author analyzes the development and implementation of 20 financial planning models. The book highlights the ways in which these models support decision-making, including automating established information processing, developing decision focus within the model structure, and addressing specific subsets of decisions in the organization. The author discusses the challenges of model development, focusing on the tension between complexity and uncertainty, and ways to achieve a balance. The book concludes by emphasizing the potential of modeling systems to enhance organizational control strategies, providing greater information availability, wider involvement in planning, and a shift towards anticipatory control. This book provides valuable insights for managers and researchers interested in improving decision-making and control within their organizations through innovative use of computer-based models.

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