Requirement analysis of an open access decision model for strategic planning of the Arctic Region

Purpose - This study attempts to do a requirement analysis for a decision model to benefit the business community and the government in making decisions. This research is the first part in a research program named DMA (Decision Model for the Arctic) arranged by CORDA (Center of Risk and Decision Ana...

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Bibliographic Details
Main Author: Hera Grímsdóttir 1979-
Other Authors: Háskólinn í Reykjavík
Format: Thesis
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/1946/17340
Description
Summary:Purpose - This study attempts to do a requirement analysis for a decision model to benefit the business community and the government in making decisions. This research is the first part in a research program named DMA (Decision Model for the Arctic) arranged by CORDA (Center of Risk and Decision Analysis) which is a part of School of Science and Engineering at RU. Their program aims at providing answers on how the rapidly growing human activities in the North Atlantic will affect the economy by developing a decision model. To be able to answer these questions and project possible scenarios of the future it has to be clearly defined from the beginning what the decision is about and how to prioritize. The problems and opportunities must be identified and the possible options identified. This is the objective of this study. The aim is to define the parameters for the decision model to be built and to establish statistical attributes and interconnection. The goal was to structure a conceptual model to gain a better perspective of the decision problem regarding the Arctic activities. The purpose was to link together different disciplines and to present a guide of working practice for future work of the DMA project. Design/Methodology - To identify and to scope the decision problem this research followed the steps of the early requirement analysis and iterated between the steps as the research proceeded. This study is pragmatic and the three approaches that were applied in this study included: - Step 1-Expert Interviews: To define the economic parameters impacting the Arctic Region (i.e. Iceland) due to future activities in the area with qualitative data. Information was collected with techniques including interviews and document analysis. The results of the interviews were investigated with the aim of defining the most critical parameters to be included in the model. - Step 2-Internet based surveys: To validate the findings from previous step and to highlight the most critical economic parameters with quantitative ...