Value-Focused Thinking: A Path to Creative Decisionmaking

Ralph L. Keeney

ISBN 10: 067493198X / ISBN 13: 9780674931985

Published by Harvard University Press, 1996

About this Item

This text argues that in decision-making a focus should be placed on the bottom-line objectives that give it its meaning. It states that through recognizing and articulating fundamental values, better decision opportunities can be identified, thereby creating better alternatives. Num Pages: 432 pages, 46 line illustrations, 32 tables. BIC Classification: KJMD. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 158 x 235 x 25. Weight in Grams: 744. . 1996. Paperback. . . . .

Seller Inventory # V9780674931985

Bibliographic Details

• Title: Value-Focused Thinking: A Path to Creative Decisionmaking
• Publisher: Harvard University Press
• Publication Date: 1996
• Language: English
• ISBN 10: 067493198X
• ISBN 13: 9780674931985
• Binding: Soft cover
• Condition: New

About this title

Synopsis

The standard way of thinking about decisions is backwards, says Ralph Keeney: people focus first on identifying alternatives rather than on articulating values. A problem arises and people react, placing the emphasis on mechanics and fixed choices instead of on the objectives that give decisionmaking its meaning. In this book, Keeney shows how recognizing and articulating fundamental values can lead to the identification of decision opportunities and the creation of better alternatives. The intent is to be proactive and to select more attractive decisions to ponder before attempting any solutions.

Keeney describes specific procedures for articulating values by identifying and structuring objectives qualitatively, and he shows how to apply these procedures in various cases. He then explains how to quantify objectives using simple models of values. Such value analysis, Keeney demonstrates, can yield a full range of alternatives, thus converting decision problems into opportunities. This approach can be used to uncover hidden objectives, to direct the collection of information, to improve communication, to facilitate collective decisionmaking, and to guide strategic thinking. To illustrate these uses, Keeney shows how value-focused thinking works in many business contexts, such as designing an integrated circuit tester and managing a multibillion-dollar utility company; in government contexts, such as planning future NASA space missions and deciding how to transport nuclear waste to storage sites; and in personal contexts, such as choosing career moves and making wise health and safety decisions.

An incisive, applicable contribution to the art and science of decisionmaking, Value-Focused Thinking will be extremely useful to anyone from consultants and managers to systems analysts and students.

About the Author

Ralph L. Keeney is Professor Emeritus of Information and Operations Management, Marshall School of Business, and of Industrial and Systems Engineering, Viterbi School of Engineering, at the University of Southern California. He is coauthor (with Howard Raiffa) of Decisions with Multiple Objectives, which was awarded the Lanchester Prize of the Operations Research Society of America.