Title

Using Decision Theory For Strategic Decision Making In The Convention Industry

Keywords

convention industry; decision making; decision theory; expected monetary value; strategic management; strategy

Abstract

Managers use the concept of strategic planning to help reduce their uncertainty in the decision process. The use of decision models, such as decision theory, can help convention industry executives make better decisions. An example dealing with a decision as to the possible expansion of a county-owned convention center which is interested in attracting larger conventions is provided. Sample calculations provide a practical basis for applying the modeling techniques. © 1990.

Publication Date

1-1-1990

Publication Title

International Journal of Hospitality Management

Volume

9

Issue

3

Number of Pages

237-246

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/0278-4319(90)90018-S

Socpus ID

9744227894 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/9744227894

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