Is it possible to measure the impact of simulation on decisions? Simulation claims to lead to “better” decisions. What are “better” decisions? Sharda, R; Barr SH, McDonnell, JC (1988): Decision Support System Effectiveness: A Review and an Empirical Test, in: Management Science Vol. 34 (2), pp. 139-159.
Propose flow (it can be modified if necessary)
1) Introduction (Decision support system, Definition of Simulation, Definition of Decision, How is Simulation and Decision interrelated
2) Summary of the paper (Decision Support System Effectiveness: A Review and an Empirical Test)
- Background , summary of hypotheses, Method, Results & Conclusion)
3) Current status quo (Previous studies) + Research activities of how simulation impact the decision making progress
4) For what kind of Decision making progress is a simulation purposeful?
5) What are the advantages and disadvantages of using simulations to make profound decisions?
6) Do simulations lead to “better” decisions?
Sample Solution