Organizational Decision Quality: value creation by high quality decisions

Eric Bickel

Associate Professor & Director

Operations Research & Industrial Engineering, Engineering Management, Petroleum and Geosystems Engineering, and Strategic Decision & Risk Management

The University of Texas at Austin

Abstract

Is your organization maximizing the value of the decisions it makes? As a decision maker, are you presented with a range of alternatives to consider, or are you “pitched” a recommended course of action? Are your organization’s decisions based on high-quality information? Does your decision-making process account for uncertainty? Are your strategies robust and flexible? Are you faced with trying to achieve multiple and often conflicting objectives? Does your organization reward good decision-making or lucky outcomes?

These are some of the questions Prof. Eric Bickel will address during his seminar focused on maximizing value creation by making high-quality decisions. Prof. Bickel will discuss the Decision Quality framework, separate the concept of decisions and outcomes, and layout a roadmap for improving organizational decision quality.

Biosketch

Prof. J. Eric Bickel is Associate Professor and Director of both the Operations Research & Industrial Engineering and the Engineering Management programs at The University of Texas at Austin. In addition, he is the Academic Director of the McCombs School of Business Strategic Decision and Risk Management (SDRM) program. Prof. Bickel also holds a courtesy appointment in the Department of Petroleum and Geosystems Engineering.

Prof. Bickel is a partner at Strategic Decisions Group, where he supervises Decision Quality projects. He consults around the world in a range of industries, including oil and gas, electricity generation/transmission/delivery, energy trading and marketing, commodity and specialty chemicals, life sciences, financial services, and metals and mining.

Prof. Bickel's research has been featured in The New York Times, The London Times, The Walls Street Journal, and Sports Illustrated. Prof. Bickel appeared in the documentary Cool It! and has appeared on the MLB Network show Clubhouse Confidential.

Prof. Bickel is the Past-President of the Decision Analysis Society and a Fellow of the Society of Decision Professionals. He holds an MS and a PhD in decision analysis from the Department of Engineering-Economic Systems at Stanford University.

FORCE seminars have previously been fully booked with waiting lists so you are encouraged to sign up as soon as you know you will attend.

Participation fees:
FORCE members: Free
Non-members: NOK 1000,-
University/student: Free

Please find registration box at the top right of the page. 

Important information:
You can register as a FORCE member and pay "FORCE member" price if you are an employee of a member company.
All FORCE member companies are listed here.

Payment is made online by credit card. Please note that no refunds will be given after you have signed up. If you for any reason can not attend the workshop, you are welcome to send a representative, just inform Linn Smerud as soon as there are changes.