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ON KNOWLEDGE MATURITY AND BIASED NATURE OF STAGED DECISION MAKING IN A HIGH CONSEQUENCE INDUSTRY
Blekinge Institute of Technology, Faculty of Engineering, Department of Industrial Economics.
Blekinge Institute of Technology, Faculty of Engineering, Department of Mechanical Engineering. (Product Development Research Lab)ORCID iD: 0000-0001-5114-4811
Blekinge Institute of Technology, Faculty of Engineering, Department of Mechanical Engineering.
2018 (English)In: DS92: Proceedings of the DESIGN 2018 15th International Design Conference / [ed] Marjanović D., Štorga M., Škec S., Bojčetić N., Pavković N., The Design Society, 2018Conference paper, Published paper (Refereed)
Abstract [en]

This paper explores and problematizes decision-making in a high-consequence industry which is characterized by the stage-gate process. We showcase that decision-makers do not differentiate between the types of knowledge used for modelling decisions and calculation of risks. This makes them susceptible to incorporating cognitive distortions—biases—into the stage-gate process. We conclude by amending the risk for certain kinds of biases with a knowledge maturity framework in order to outline conditions for pragmatic decision making.

Place, publisher, year, edition, pages
The Design Society, 2018.
Keywords [en]
decision making, uncertainty, knowledge maturity, risk management, decision biases
National Category
Mechanical Engineering
Identifiers
URN: urn:nbn:se:bth-16233DOI: 10.21278/idc.2018.0480OAI: oai:DiVA.org:bth-16233DiVA, id: diva2:1210601
Conference
15th International Design Conference, Dubrovnik
Projects
Model Driven Development and Decision Support
Funder
Knowledge FoundationAvailable from: 2018-05-29 Created: 2018-05-29 Last updated: 2018-05-29Bibliographically approved

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The full text will be freely available from 2018-07-01 09:05
Available from 2018-07-01 09:05

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Svensson, MartinBertoni, Alessandro

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