search query: @indexterm PHILOSOPHY / total: 237
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| Author: | Smith, J. |
| Title: | Modeling muddles: validation beyond the numbers |
| Journal: | European Journal of Operational Research
1993 : APR 16, VOL. 66:2, p. 235-249 |
| Index terms: | MANAGEMENT PHILOSOPHY DECISION THEORY |
| Language: | eng |
| Abstract: | A nonnumerical methodology for estimating the validity of complex models is presented. The validity of such models was estimated qualitatively by identifying the arguments used by the interested parties associated with the model. The patterns of reasoning about the foundation of the model were identified through an analysis of the arguments defending and denying the validity of the model. The approach is illustrated by using the expected utility (EU) model as an example. The analysis revealed contrasting sets of pro-EU and con-EU model arguments. |
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