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Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions by Robert D. Brown III

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© Robert D. Brown III 2018
Robert D. Brown IIIBusiness Case Analysis with Rhttps://doi.org/10.1007/978-1-4842-3495-2_11

11. Conducting SME Elicitations

Robert D. Brown III
(1)
Cumming, Georgia, USA
 
SME elicitation is the process by which we alleviate, at least temporarily, SMEs from the effects of their biases so that they can think more clearly and creatively about what the future might hold or what might veil their ability to possess certain knowledge. During the process, we facilitate an enumeration of causative factors that can affect the outcome of an uncertainty that was identified in the influence diagram, and then we assign—via the expert guidance—a measurement to the uncertain outcome as a range of probabilities that spans the range of ...

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