Answers are grounded in this paper and cite their sources.
Managers face a dilemma in assessing DSS proposals. The issue of qualitative benefits is central, but they must find some way of deciding if the cost is justified. A general weakness of the cost-benefit approach is that it requires knowledge, accuracy, and confidence about issues which for innovations are unknown, ill-defined, and uncertain. The benefit of a DSS is the incentive for going ahead. The complex calculations of cost-benefit analysis are replaced in value analysis by rather simple questions about its usefulness.
No takes yet. Share an insight, caveat, or question.
Peter G. W. Keen (1981) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: