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BUSINESS & ECONOMICS Textbooks

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Decision Making Textbooks

ISBN10: 0534260349
ISBN13: 9780534260347
Edition/Copyright: 2ND 96

Publisher: Duxbury Press
Cover: Hardback
Year Published: 1996
Weight: 2.6lbs.

Making Hard Decisions : An Introduction to Decision Analysis

by Robert T. Clemen


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Summary

Table of Contents

For the advanced undergraduate/MBA - level course in decision analysis offered in schools of business or in departments of psychology, public policy, or industrial engineering at most 4 - year colleges and universities. Also for introductory quantitative methods for business courses.

1. Introduction to Decision Analysis.

I. MODELING DECISIONS.

2. Elements of Decision Problems.
3. Structuring Decisions.
4. Making Choices.
5. Sensitivity Analysis.
6. Creativity and Decision Structuring.

II. MODELING UNCERTAINTY.

7. Probability Basics.
8. Subjective Probability.
9. Theoretical Probability Models.
10. Using Data.
11. Monte Carlo Simulation.
12. Value of Information.

III. MODELING PREFERENCES.

13. Risk Attitudes.
14. Utility Axioms, Paradoxes, and Implications.
15. Conflicting Objectives I: Some Basic Techniques.
16. Conflicting Objectives II: Multiattribute Utility Models.
17. Conclusion and Further Reading.

Appendices.
Answers to Selected Exercises.
Index.

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Making Hard Decisions : An Introduction to Decision Analysis

by Robert T. Clemen