ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Forecasting
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Jury of Executive Opinion
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Delphi Method
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Quantitative Forecasting
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Qualitative Forecasting
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Detailed explanation-1: -The Delphi method is a process used to arrive at a group opinion or decision by surveying a panel of experts. Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.
Detailed explanation-2: -The Delphi method is a technique used in group decision-making and some forms of qualitative research. It involves gathering a panel of experts, having them complete a survey or questionnaire individually, and sharing these anonymised answers within the panel to allow for feedback and debate.
Detailed explanation-3: -What is it? The Delphi technique (also referred to as Delphi procedure or process), is a method of congregating expert opinion through a series of iterative questionnaires, with a goal of coming to a group consensus.