Buy-Sell "Shotgun" clauses call for a partner who wishes to discontinue a partnership to declare a value for the business, and for the other partner to then buy her out or sell to her at this value. The resulting decision model for an expected utility maximizing individual, who is uncertain of...

This paper proposes and illustrates by example a decision model for a resource allocation problem in urban management--the design of service areas for police mobile units. Estimates of the performance of alternative designs are given by existing analytic models of spatially distributed emergency...

A model of the innovation diffusion process is developed using a micromodeling approach that explicitly considers the determinants of adoption at the individual level in a decision analytic framework, and incorporates heterogeneity in the population with respect to initial perceptions,...

An approach is proposed that is useful for long term forecasting of market penetration of new technologies, fuel price and availability, business performance, etc. The central idea is to systematically solicit experts' opinion in the form of subjective probability distributions in making future...

An applied procedure is preserved in this paper which has been used to forecast some of the political risks ars oil company faces from investment in an overseas developing country, e.g., expropriation, taxation, price and production controls. The procedure makes use of a panel of experts, but...

This paper describes a multiobjective decision analysis performed to assist in selecting the conductor, tower size, and number of subconductors per bundle for a proposed 765 kV transmission line. Multiobjective decision analysis is shown to provide a systematic, logical framework for handling...

This paper describes a methodology based on decision analysis for addressing major program decisions in the development of magnetic fusion energy. The development of this complex technology involves a sequence of funding choices over time among multiple technical approaches and under...

A procedure is presented to evaluate the appropriateness of alternative methodologies for analyzing a specified problem. This procedure is illustrated by identifying desirable characteristics of nuclear power plant site selection methodologies and evaluating the adequacy of methodologies that...

We consider a model of search when the distribution of prices (wages) is unknown. The effect of changing the objective function from minimizing expected cost to maximizing expected utility is examined.

This paper describes a multiple competing technologies market penetration model which incorporates multiple attributes rather than strictly price into the market share allocation function. The model which is linear and deterministic was developed in response to the sponsor's request for a...