Emil Numminen & Fredrik Falkenback , pp. 69. Inst. för ekonomi och management/Dept. of Business Administration and Management, 2003.
Title: Decision under uncertainty - Investment in a human resource
Authors: Emil Numminen & Fredrik Falkenback
Thesis advisor: Anders Hederstierna
Purpose: To determine how well models for decisions under uncertainty can describe an investment in a human resource.
Method: A standardized structured expert interview with a decision maker of human resources investments was made. The empirical material from the inter-view is then compared against the main proper-ties of the two models.
Conclusions: The traditional decision analysis can describe the process of investments made in human resources where absence of management exists and the in-vestment has limited time duration. The real op-tion analysis can describe the process of invest-ments made in human resources where process is characterized by sequential decisions made about the investment.