Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 2.4, Problem 6P
Summary Introduction

To explain: The benefit of the Delphi method over the jury of executive opinion method and the common elements in between them.

Introduction: The Delphi method is a method used in forecasting. The forecasts arebased on the outcomesof various rounds of questionnaires sent to expert panels. A few roundsofquestionnairesaremade answered bythespecialists,andaftereachroundtheanonymousanswersareaggregatedandsharedwith the group.

The jury of executive opinion is also the method practiced in forecasting that uses a composite prediction technique prepared by many individual specialists. Initially, the specialists shape their own views from the specified information and review their views according to the views of the others.Lastly, the final views of the people are mixed.

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