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Decision Warranties

Author: mckibbinusa/Friday, June 11, 2010/Categories: Analytics Articles

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According to Prof Ronald A Howard (1992):

Three of the warranties that I would like to have in any decision situation are that:
  1. The decision approach I am using has all the terms and concepts used so clearly defined that I know both what I am talking about and what I am saying about it;
  2. I can readily interpret the results of the approach to see clearly the implications of choosing any alternative, including of course, the best one; and
  3. The procedure used to arrive at the recommendations does not violate the rules of logic (common sense).

Plain and simple... Source: Howard, R A (1992), Heathens, Heretics, and Cults, Interfaces, 22(6), 15-27.

According to Prof Ronald A Howard (1992):

Three of the warranties that I would like to have in any decision situation are that:
  1. The decision approach I am using has all the terms and concepts used so clearly defined that I know both what I am talking about and what I am saying about it;
  2. I can readily interpret the results of the approach to see clearly the implications of choosing any alternative, including of course, the best one; and
  3. The procedure used to arrive at the recommendations does not violate the rules of logic (common sense).

Plain and simple... Source: Howard, R A (1992), Heathens, Heretics, and Cults, Interfaces, 22(6), 15-27.

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