Delphi technique


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Related to Delphi technique: Nominal group technique

Delphi technique

Collection of independent opinions without group discussion by the analysts providing the opinions; used for various sorts of evaluations (such as country risk assessment).

Delphi Technique

A system of forecasting in which different experts give their professional opinions without knowing what the other experts' opinions are. That is, the experts share their opinions anonymously and discuss them in a series of rounds. These rounds continue until they reach some consensus. The Delphi technique exists to ensure that a famous or well-regarded expert's opinion does not drown out those of lesser known analysts.

Delphi technique

an approach to generating new ideas or problem-solving amongst a GROUP or team. Each member or interested party submits his or her recommendations or views on the issue under review to a central contact point. All ideas generated in this way are then circulated to all those participating in the process, who then have the opportunity to submit comments on them. This process is repeated until a consensus emerges. Although time consuming, it can be an effective approach to the management of change since it enables all interested parties to express their views, generates consensus and, by incorporating all in the decisionmaking process, tends to generate commitment to the final outcome. See TECHNOLOGICAL FORECASTING, BRAINSTORMING, NOMINAL GROUP TECHNOLOGY.
References in periodicals archive ?
A study utilizing the Delphi technique can have any number of participants.
The Delphi technique can be labor intensive, which can deter participation (Hasson, Keeney, & McKenna, 2000).
3) See Linstone and Turoff (1975) for a seminal discussion of the Delphi technique and applications.
This paper aims to present basic assumptions of the Delphi technique as well as its applications in finance and related disciplines.
A research methodology, the Delphi technique forecasts future possibilities based on expert knowledge of areas relevant to the study.
It is used to understand the Cash Pooling of MCC the main objective of this paper a Delphi Technique (Linstone, Turoff 1975) in which the basic was the common understanding of the financial experts of the corporation around a subject; the Cash Pooling.
Understanding the mortgage process is extremely important for the application of the Delphi technique and for promoting consensus among panel members, which may ultimately lead to new scrutiny among evaluation criteria, and to a fairer mortgage risk evaluation system.
Consulting the oracle: ten lessons from using the Delphi technique in nursing research.
This paper combines an expert opinion method [a modified Delphi technique called estimate, feedback, talk, estimate (EFTE)], with a technological diffusion framework to create a forecast of the percent of office-based physicians who will become adopters and "meaningful users" of health information technology.
The Delphi Technique," meanwhile, is forecast-focused, which can aid predictive analysis.
Using a modified Delphi technique to construct the questionnaire, the researchers discovered that family encouragement, positive relationships with professors, and positive course experiences were the most agreed social factors that encourage student persistence.
Delphi technique studies used a formal structured group communication process to investigate issues for which there is no accepted answer.