Analysis and Design of Computer-Based Management Information Systems: An Evaluation of Risk Analysis Decision Aids.

Abstract : This report evaluates the use of three different forms of risk analysis decision aids, one deterministic and two probabilistic versions, in a warehouse expansion decision context. In addition, several decision-maker characteristics-experience, background, attitude toward quantitative data, attitude toward computer potential in management, and risk preference-are examined in conjunction with the three decision aids. The impact of these factors is measured in terms of (1) decision made, (2) supporting documentation for the decision made, and (3) evaluation of the decision aid.