Two-stage decision-making within the firm : analysis and case studies
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This article analyses, with case study illustrations, a two‐stage decision support technique for making informed choices within firms. The technique can assist managers by the use of simple decision‐tree diagrams, assigning values to its branches. The technique is based on the microeconomics of choice orderings, and we demonstrate how appropriate decision trees can be constructed and applied. This technique is illustrated by three case study vignettes based on real actions of UK firms. These show how such decision trees can both aid our understanding of choices made and assist in the practice of choosing financial reporting regimes and techniques.
Hsu , Y-L & Reid , G C 2021 , ' Two-stage decision-making within the firm : analysis and case studies ' , Managerial and Decision Economics , vol. 42 , no. 6 , pp. 1355-1373 . https://doi.org/10.1002/mde.3317
Managerial and Decision Economics
Copyright © 2021 The Authors. Managerial and Decision Economics published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
DescriptionFunding: Carnegie Trust for the Universities of Scotland (Grant Number(s): ID: 10056).
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