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Integrated Bayesian decision: A case

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Abstract

The process described in this article provides a framework for combining the judgments and experiences of each member of a decision-making unit. Utilizing the Bayesian approach to decision-making and the Jury of Executive Opinion the model may be of assistance to management teams, Boards of Directors and committees in reaching a consensus on critical decisions. The data are based on an actual case experience familiar to the authors.

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Reference

  • Smith, Alan F. and Easley, Eddie V. 1974. The Iceville Figure Skating Club, Cases 1–3, Boston: Intercollegiate Case Clearing House.

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Authors and Affiliations

  1. Drake University, Des Moines, IA, USA

    Alan F. Smith D.B.A. & Eddie V. Easley Ph.D.

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  1. Alan F. Smith D.B.A.
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  2. Eddie V. Easley Ph.D.
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Smith, A.F., Easley, E.V. Integrated Bayesian decision: A case. JAMS 2, 523–533 (1974). https://doi.org/10.1007/BF02729395

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  • DOI: https://doi.org/10.1007/BF02729395

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