In:
Management Science, Institute for Operations Research and the Management Sciences (INFORMS), Vol. 14, No. 7 ( 1968-03), p. 416-428
Kurzfassung:
Company information systems demand a better understanding of the nature of the executive's decision process. Above all his information requirements must be specified. The capacity to specify these requirements is the hallmark of the information-processing model. An example of the form of the simulation of a pricing decision process is presented. The model, a binary flow chart type, simulates the pricing decision in a differentiated oligopolistic market. The validity of the model is established by comparing the two kinds of predictions that it makes—output and process—with reality. A number of problems encountered in developing models of this type are discussed. Some of the broader implications of these models are described and others are briefly mentioned.
Materialart:
Online-Ressource
ISSN:
0025-1909
,
1526-5501
DOI:
10.1287/mnsc.14.7.416
Sprache:
Englisch
Verlag:
Institute for Operations Research and the Management Sciences (INFORMS)
Publikationsdatum:
1968
ZDB Id:
206345-1
ZDB Id:
2023019-9
SSG:
3,2
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