In Search of a Consensus Team Decision Budget Agreement

Autor/inn/en	Chong, Philip S.; Runyon, Lowell R.
Titel	In Search of a Consensus Team Decision Budget Agreement
Quelle	In: International Journal of Educational Management, 18 (2004) 5, S.297-303 (7 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0951-354X
DOI	10.1108/09513540410543448
Schlagwörter	Budgeting; Department Heads; Resource Allocation; Teamwork; Budgets; Business Administration Education; Funding Formulas; Cooperative Planning; Participative Decision Making; Models; Matrices + Suchen Sie Ihr Suchwort? Ressourcenallokation; Finanzhaushalt; Funding; Finanzierung; Analogiemodell; Matrizenrechnung
Abstract	In searching for a new budget formula for the College of Business at California State University at Long Beach, a major university in the west, several rational budget formulas were explored. This report develops an explanation in quantitative terms of the reasoning process pursued by the department chairs in arriving at the compromise budget allocation model that is currently in place in the college. It shows that in a group decision-making process concerning the allocation of resources, compromises are made between decision-makers in order to come to some common agreement, if one in fact exists. Rational models based on some formula are introduced, and resources can be allocated based on the formula. However, among the models presented using a decision matrix, the model that will eventually be selected is the one that has the minimal variance in ranking regrets and monetary regrets if the highest-ranking model is not chosen. The ranking regret provides a good guide and quick identification of the "most-likely-to-succeed" compromise model. However, the monetary regret appears to be the final compromise determinant. (Contains 9 tables.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10