Decision Support Systems and the Marginal Economics of Effort (Classic Reprint)

Decision Support Systems and the Marginal Economics of Effort (Classic Reprint)

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Publisher's Synopsis

Excerpt from Decision Support Systems and the Marginal Economics of Effort

However, the argument of this paper is that the marginal economics of effort are such that a dss or any similar aid may impose costs that outweigh the perceived gains because existing incremental or heuristic strategies are extremely cheap. Managers have an investment in methodologies that have been reasonably effective, so that it may be difficult for any system to generate substantial enough improvements in decision outcomes to justify the cognitive strain imposed. A dss will be accepted mainly because it provides adeguate benefits for low incremental effort.

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Book information

ISBN: 9781332257270
Publisher: Fb&c Ltd
Imprint: Forgotten Books
Pub date:
Number of pages: 42
Weight: 68g
Height: 229mm
Width: 152mm
Spine width: 2mm