Synopses & Reviews
Decision analysis integrates insights and techniques from economics, probability, and cognitive psychology for the purpose of making good decisions. This book presents practical advice for decision making in all these contexts. It offers step-by-step procedures for defining the problem, identifying objectives, identifying alternatives, forecasting each alternative's potential, comparing forecasts, and choosing the most favorable alternative. A student-friendly guide, it incorporates DPL decision support software and practical, balanced coverage.
Synopsis
Whether your course emphasizes business, public policy or personal decision making, the balanced coverage offered in this text gives your students the analytical skill essential to any management decision process. Featuring student-friendly writing, this brief, noncalculus-based text is an invaluable resource for students from a wide variety of backgrounds. Andrew Golub employs the rational method of decision making as an analytical framework. Techniques derived from economics, probability and cognitive psychology are presented as part of a step-by-step approach to making good decisions.
Synopsis
A practical, non-calculus-based book on decision analysis for business and public policy. It includes a balanced presentation of quantitative and qualitative techniques, and integrates the use of a leading decision analysis software--DPL--throughout.
Table of Contents
The Context of Decision Making.
Problem Definition and Structuring.
Identifying Objectives and Creating a Value Tree.
Identifying Alternatives and Creativity.
Forecasting and Subjective Assessment.
Comparing Alternatives and Utility Theory.
Selection and Sensitivity Analysis.
Appendices.
Index.