Delphi Methodology Sample Clauses

Delphi Methodology. Since its development by the Rand Corporation to improve (military) technology forecasting in the 1960s, Delphi studies have been applied widely. The approach involves successive questionnaires to an expert panel, using feedback to refine an informed perspective on complex or uncertain issues. Epistemologically, Delphi studies are not merely deductive but also disclosive (▇▇▇▇▇, 1989), and allow fragmentary perspectives to coalesce into a larger collective understanding. The best definition of the approach is found in the seminal work of Linstone and ▇▇▇▇▇▇ (1975, p. 3): Delphi may be characterised as a method for structuring a group communication process in such a way that the process is effective in allowing a group of individuals, as a whole, to deal with a complex problem. Recent use of this method has been widespread, especially in health and education topics (for examples, see ▇▇▇▇▇▇▇▇ et al. (2004); ▇▇▇▇▇▇ (2003); ▇▇▇▇▇ et al. (2001); and ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ (2000)). A topical review of this methodology and critiques on Delphi studies are provided by ▇▇▇▇▇▇ (2000). A small number of studies have been carried out to forecast food market development, but as ▇▇▇▇▇▇▇▇ and Gladstone (1998) note, its use in applied social science is not widespread, perhaps because it is less well known among researchers than other techniques. While many Delphi studies are focused on purely forecasting issues, a “policy Delphi” variant (▇▇▇▇▇▇, 1975) aims to provide a forum for idea generation, commentary and evaluation; facets of both forecasting and idea-generation were used in this study of ▇▇▇▇▇▇ (1975). The objective of most Delphi applications is the reliable and creative exploration of ideas or the production of suitable information for decision making. The Delphi Method is based on a structured process for collecting and distilling knowledge from a group of experts by means of a series of questionnaires interspersed with controlled opinion feedback (▇▇▇▇▇ and ▇▇▇▇▇▇, 1996). ▇▇▇▇▇▇▇ (1975) asserts that lacking full scientific knowledge, decision-makers have to rely on their own intuition or on expert opinion. The Delphi method has been widely used to generate forecasts in technology, education, and other fields (Cornish, 1977). The Delphi method is an exercise in group communication among a panel of geographically dispersed experts (▇▇▇▇▇ and Ziglio, 1996). The technique allows experts to deal systematically with a complex problem or task. The essence of the techn...
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Related to Delphi Methodology

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  • Payment Methodology The Grantee shall be reimbursed for actual, reasonable, and necessary costs based upon the Grant Budget, not to exceed the Maximum Liability established in Section 1. Upon progress toward the completion of the Scope, as described in Section A of this Grant Contract, the Grantee shall submit invoices prior to any reimbursement of allowable costs.

  • Service Providing Methodology 1.3.1 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific services. 1.3.2 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property leases with Party A or any other party designated by Party A which shall permit Party B to use Party A’s relevant equipment or property based on the needs of the business of Party B. 1.3.3 Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer agreement, specifying the terms and conditions of the transfer of the assets.

  • Underwriting Methodology The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

  • Claims Review Methodology ‌‌ a. C laims Review Population. A description of the Population subject‌‌ to the Quarterly Claims Review.