Rho: A decision support system for pricing in law firms.
There is no single schedule of legal fees and the way they are calculated; a rational model of fee determination is acutely needed. This paper presents a decision support system called Rho that allows the user to enter the internal and external data into a set of decision models to determine the strategic pricing for law firms. The paper describes the main features of the system, the optimization model that plays a critical role in the decision process, an illustration of how the system was applied in a real setting, an assessment of the proposed approach and future research issues.
| Main Author: | Tavana, Madjid. |
|---|---|
| Other Authors: | Chung, Q B., Kennedy, Dennis T. |
| Format: | |
| Language: | English |
| Published: |
1998
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| Online Access: |
http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:175527 |