TY - JOUR
T1 - A strategic forecasting framework for governmental decision-making and planning
AU - Savio, Nicolas D.
AU - Nikolopoulos, Konstantinos
PY - 2013
Y1 - 2013
N2 - An important stage in the policy-making process involves deciding on the strategy to be adopted for implementation, so that the objectives of the policy are met in the best possible way. A Policy Implementation Strategy (PIS) adopts a broad view of implementation, which is argued to transcend formulation and decision-making, thereby offering a more realistic view of the policy process. Governmental decision-makers are often faced with having to choose one PIS from among several possible alternatives, at varying cost levels. In order to aid such a decision-making process, PIS effectiveness forecasts are proposed as a strategic decision-support tool. The methods currently available for such a purpose are found to include resource-intensive evaluative techniques such as Impact Assessment and Cost-Benefit Analysis. In this study, a Structured Analogies forecasting approach is proposed, and the empirical evidence suggests that it could be seen as a strategic tool in the hands of governmental officers. © 2011 International Institute of Forecasters.
AB - An important stage in the policy-making process involves deciding on the strategy to be adopted for implementation, so that the objectives of the policy are met in the best possible way. A Policy Implementation Strategy (PIS) adopts a broad view of implementation, which is argued to transcend formulation and decision-making, thereby offering a more realistic view of the policy process. Governmental decision-makers are often faced with having to choose one PIS from among several possible alternatives, at varying cost levels. In order to aid such a decision-making process, PIS effectiveness forecasts are proposed as a strategic decision-support tool. The methods currently available for such a purpose are found to include resource-intensive evaluative techniques such as Impact Assessment and Cost-Benefit Analysis. In this study, a Structured Analogies forecasting approach is proposed, and the empirical evidence suggests that it could be seen as a strategic tool in the hands of governmental officers. © 2011 International Institute of Forecasters.
KW - Forecasting
KW - Government
KW - Policy implementation strategies
KW - Strategy
KW - Structured Analogies
U2 - 10.1016/j.ijforecast.2011.08.002
DO - 10.1016/j.ijforecast.2011.08.002
M3 - Article
JO - International Journal of Forecasting
JF - International Journal of Forecasting
ER -