Using a group decision support system to make investment prioritisation decisions

Martin Read, Tony Gear, Leonard Minkes, Ann Irving

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Abstract

This paper is concerned with how decision making groups involved in making investment prioritisation decisions involving funding of technology and science projects may be supported by a group decision support system (GDSS). While interested in decision outcomes, the primary focus of this paper is the role of a group support system as an aid to developing shared understanding within a group. The paper develops the conceptual framework of decision-making, communication and group support, and demonstrates, through a field application involving a strategic investment decision making group, how a group decision support system can support the development of shared understanding in the group decision-making process. The paper concludes with an examination of how supported communication in groups, and enhanced understanding of individual views, may develop learning and impact on strategic decision outcomes. We suggest that the usefulness of these types of system, at this stage of their development, may be more in their role of developing shared understanding between members of a group, rather than in aiding ‘better’ decision outcomes.
Original languageEnglish
Title of host publicationProceedings of the 2013 Portland International Conference on Management of Engineering and Technology (PICMET),
Place of PublicationSane Jose, California, USA
PublisherPortland International Centre for Management of Engineering and Technology (PICMET),
Pages375 - 381
ISBN (Electronic)CD ROM: 1-890843-28-8
Publication statusPublished - 2013
EventPortland International Conference on Management of Engineering and Technology (PICMET) - San Jose Marriott Hotel, San Jose, United States
Duration: 28 Jul 20131 Aug 2013

Conference

ConferencePortland International Conference on Management of Engineering and Technology (PICMET)
Country/TerritoryUnited States
CitySan Jose
Period28/07/131/08/13

Keywords

  • Group Decision Support Systems
  • OR in Research and Development
  • Investment Prioritisation

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