There is a need for a Decision Support Tool (DST) capable of supporting a wide range of decisions relating to hybrid vehicles, both in a technology and business context. A tool has been created which provides a structured approach to decision making through which the user is led in a way which abstracts them from the detail of the decision analysis techniques employed and the technical detail of external tools employed. The tool inherently captures assumptions and parameters used in the decision making process, allowing decision makers to review decisions rapidly in the future (validating assumptions). In the context of group decision making the tool supports multiple stakeholder inputs, thus ensuring a wide perspective can be assimilated, and supporting agreement across a breadth of decision making and influencing parties through visibility of the decision foundation. These features combined have the potential to provide robustness to changes in management by reducing decision making through singular personal preference The impact of specific factors in the decision can be analysed through sensitivity testing, and optimised sets of alternatives can be selected based on identified constraints. The tool can also handle both quantitative and subjective (qualitative) data in the same decision space. Currently the tool cannot support unbounded decisions i.e. those where the alternatives are infinite such as determining the optimal price for a product. Other potential limitations exist in the direct weighting of criterion importance, and current lack of support for uncertainty within the input data. Future work is anticipated to increase the breadth of decisions supported to incorporate unbounded decision through the inclusion of new decision analysis techniques.


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    Title :

    Decision support system for hybrid vehicle related decisions - building the business case


    Additional title:

    Entscheidungsunterstützungssystem für hybridfahrzeugbezogene Entscheidungen - Aufbau der kommerziellen Aspekte


    Contributors:


    Publication date :

    2006


    Size :

    18 Seiten, 4 Bilder, 5 Tabellen, 38 Quellen




    Type of media :

    Conference paper


    Type of material :

    Print


    Language :

    English




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