Abstract

Suraj Kumar Rout, Manish Kumar Singh, Arpit Sharma

ABSTRACT

This research presented is engrained within the existing decision theory and steel industry literatures. It contributes to one of the current arguments in papers by providing evidence that in the operators in the Anjani Steel Raigarh industry there is a link between the use of decision analysis in investment appraisal decision-making by organizations and good business performance. One reason for this is that no study to date has shown that use of decision analysis methods and concepts can actually help individuals or organizations to fulfill their objectives. Despite over epochs of research undertaken developing decision analysis tools, understanding the behavioral and psychological features of decision-making, and applying decision analysis in practice no research has been able to show conclusively. Such investigation not only contributes to the current theoretical debate in the steel industry and decision theory literatures but also provides valuable insights to practitioners.