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Decision Theory And Decision Analysis Trends And Challenges
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Book Synopsis Decision Theory and Decision Analysis: Trends and Challenges by : Sixto Ríos
Download or read book Decision Theory and Decision Analysis: Trends and Challenges written by Sixto Ríos and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision Theory and Decision Analysis: Trends and Challenges is divided into three parts. The first part, overviews, provides state-of-the-art surveys of various aspects of decision analysis and utility theory. The second part, theory and foundations, includes theoretical contributions on decision-making under uncertainty, partial beliefs and preferences. The third section, applications, reflects the real possibilities of recent theoretical developments such as non-expected utility theories, multicriteria decision techniques, and how these improve our understanding of other areas including artificial intelligence, economics, and environmental studies.
Book Synopsis Decision Theory and Decision Analysis by : Sixto Rios
Download or read book Decision Theory and Decision Analysis written by Sixto Rios and published by . This book was released on 1994-07-31 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Trends in Multiple Criteria Decision Analysis by : Salvatore Greco
Download or read book Trends in Multiple Criteria Decision Analysis written by Salvatore Greco and published by Springer Science & Business Media. This book was released on 2010-09-10 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiple Criteria Decision Making (MCDM) is the study of methods and procedures by which concerns about multiple conflicting criteria can be formally incorporated into the management planning process. A key area of research in OR/MS, MCDM is now being applied in many new areas, including GIS systems, AI, and group decision making. This volume is in effect the third in a series of Springer books by these editors (all in the ISOR series), and it brings all the latest developments in MCDM into focus. Looking at developments in the applications, methodologies and foundations of MCDM, it presents research from leaders in the field on such topics as Problem Structuring Methodologies; Measurement Theory and MCDA; Recent Developments in Evolutionary Multiobjective Optimization; Habitual Domains and Dynamic MCDM in Changeable Spaces; Stochastic Multicriteria Acceptability Analysis; and many more chapters.
Book Synopsis Decision Theory by : Douglas John White
Download or read book Decision Theory written by Douglas John White and published by Transaction Publishers. This book was released on with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some concepts and their interpretation; Theories of choice, value and uncertainty; Decidability; Some practical considerations in decision analysis; Information for decision; Pragmatic aspects of decision theory; Mathematical models and decision.
Book Synopsis Organization and Decision Theory by : Ira Horowitz
Download or read book Organization and Decision Theory written by Ira Horowitz and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ira Horowitz Depending upon one's perspective, the need to choose among alternatives can be an unwelcome but unavoidable responsibility, an exciting and challenging opportunity, a run-of-the-mill activity that one performs seem ingly "without thinking very much about it," or perhaps something in between. Your most recent selections from a restaurant menu, from a set of jobs or job candidates, or from a rent-or-buy or sell-or-Iease option, are cases in point. Oftentimes we are involved in group decision processes, such as the choice of a president, wherein one group member's unwelcome responsibility is another's exciting opportunity. Many of us that voted in the presidential elections of both 1956 and 1984, irrespective of political affiliation, experienced both emotions; others just pulled the lever or punched the card without thinking very much about it. Arriving at either an individual or a group decision can sometimes be a time consuming, torturous, and traumatic process that results in a long regretted choice that could have been reached right off the bat. On other occasions, the "just let's get it over with and get out of here" solution to a long-festering problem can yield rewards that are reaped for many 1 ORGANIZATION AND DECISION THEORY 2 years to come. One way or another, however, individuals and organiza tions somehow manage to get the decision-making job done, even if they don't quite understand, and often question, just how this was accomplished.
Book Synopsis Decision Analysis for Management Judgment by : Paul Goodwin
Download or read book Decision Analysis for Management Judgment written by Paul Goodwin and published by John Wiley & Sons. This book was released on 2014-05-12 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision Analysis for Management Judgment is unique in its breadth of coverage of decision analysis methods. It covers both the psychological problems that are associated with unaided managerial decision making and the decision analysis methods designed to overcome them. It is presented and explained in a clear, straightforward manner without using mathematical notation. This latest edition has been fully revised and updated and includes a number of changes to reflect the latest developments in the field.
Book Synopsis Trends in Multicriteria Decision Making by : Theodor Stewart
Download or read book Trends in Multicriteria Decision Making written by Theodor Stewart and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers gives a broad overview of the state of the art in Multiple Criteria Decision Making (MCDM), in both theory and practice. Topical sections are ranging from preference modelling and methodological developments to a number of applications of MCDM thinking. Special sections are devoted to applications in natural resources and environmental management issues, to negotiation and group decision support, and to philosophical issues, particularly in the interface between systems thinking and MCDM. The book will be relevant not only to those working in the area of MCDM, but also to researchers and practitioners concerned with broader areas of management science, especially those concerned with decision support systems and negotiation support.
Book Synopsis Contemporary Issues in Decision Making by : Katrin Borcherding
Download or read book Contemporary Issues in Decision Making written by Katrin Borcherding and published by . This book was released on 1990 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presented in this book are chapters covering the most recent advances in the study of decision making. There are contributions from psychology, management, systems analysis, and computer science. The book is divided into sections on individual decision processes, social factors in decision making, risk management, and decision structuring. Many contributions have been made by Soviet scientists. The papers originate from the 12th Research Conference on Subjective Probability, Utility, and Decision Making (SPUDM) held at Moscow State University in 1989.
Book Synopsis Handbook of Decision Analysis by : Gregory S. Parnell
Download or read book Handbook of Decision Analysis written by Gregory S. Parnell and published by John Wiley & Sons. This book was released on 2013-01-24 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: A ONE-OF-A-KIND GUIDE TO THE BEST PRACTICES IN DECISION ANALYSIS Decision analysis provides powerful tools for addressing complex decisions that involve uncertainty and multiple objectives, yet most training materials on the subject overlook the soft skills that are essential for success in the field. This unique resource fills this gap in the decision analysis literature and features both soft personal/interpersonal skills and the hard technical skills involving mathematics and modeling. Readers will learn how to identify and overcome the numerous challenges of decision making, choose the appropriate decision process, lead and manage teams, and create value for their organization. Performing modeling analysis, assessing risk, and implementing decisions are also addressed throughout. Additional features include: Key insights gleaned from decision analysis applications and behavioral decision analysis research Integrated coverage of the techniques of single- and multiple-objective decision analysis Multiple qualitative and quantitative techniques presented for each key decision analysis task Three substantive real-world case studies illustrating diverse strategies for dealing with the challenges of decision making Extensive references for mathematical proofs and advanced topics The Handbook of Decision Analysis is an essential reference for academics and practitioners in various fields including business, operations research, engineering, and science. The book also serves as a supplement for courses at the upper-undergraduate and graduate levels.
Book Synopsis Multicriteria Decision Making by : Tomas Gal
Download or read book Multicriteria Decision Making written by Tomas Gal and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: At a practical level, mathematical programming under multiple objectives has emerged as a powerful tool to assist in the process of searching for decisions which best satisfy a multitude of conflicting objectives, and there are a number of distinct methodologies for multicriteria decision-making problems that exist. These methodologies can be categorized in a variety of ways, such as form of model (e.g. linear, non-linear, stochastic), characteristics of the decision space (e.g. finite or infinite), or solution process (e.g. prior specification of preferences or interactive). Scientists from a variety of disciplines (mathematics, economics and psychology) have contributed to the development of the field of Multicriteria Decision Making (MCDM) (or Multicriteria Decision Analysis (MCDA), Multiattribute Decision Making (MADM), Multiobjective Decision Making (MODM), etc.) over the past 30 years, helping to establish MCDM as an important part of management science. MCDM has become a central component of studies in management science, economics and industrial engineering in many universities worldwide. Multicriteria Decision Making: Advances in MCDM Models, Algorithms, Theory and Applications aims to bring together `state-of-the-art' reviews and the most recent advances by leading experts on the fundamental theories, methodologies and applications of MCDM. This is aimed at graduate students and researchers in mathematics, economics, management and engineering, as well as at practicing management scientists who wish to better understand the principles of this new and fast developing field.
Book Synopsis Decision Synthesis by : Stephen R. Watson
Download or read book Decision Synthesis written by Stephen R. Watson and published by Cambridge University Press. This book was released on 1987 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a comprehensive overview of the theory of decision making and its practical application in decision analysis.
Book Synopsis Multiple Criteria Decision Analysis by : Salvatore Greco
Download or read book Multiple Criteria Decision Analysis written by Salvatore Greco and published by Springer. This book was released on 2016-02-18 with total page 1347 pages. Available in PDF, EPUB and Kindle. Book excerpt: In two volumes, this new edition presents the state of the art in Multiple Criteria Decision Analysis (MCDA). Reflecting the explosive growth in the field seen during the last several years, the editors not only present surveys of the foundations of MCDA, but look as well at many new areas and new applications. Individual chapter authors are among the most prestigious names in MCDA research, and combined their chapters bring the field completely up to date. Part I of the book considers the history and current state of MCDA, with surveys that cover the early history of MCDA and an overview that discusses the “pre-theoretical” assumptions of MCDA. Part II then presents the foundations of MCDA, with individual chapters that provide a very exhaustive review of preference modeling, along with a chapter devoted to the axiomatic basis of the different models that multiple criteria preferences. Part III looks at outranking methods, with three chapters that consider the ELECTRE methods, PROMETHEE methods, and a look at the rich literature of other outranking methods. Part IV, on Multiattribute Utility and Value Theories (MAUT), presents chapters on the fundamentals of this approach, the very well known UTA methods, the Analytic Hierarchy Process (AHP) and its more recent extension, the Analytic Network Process (ANP), as well as a chapter on MACBETH (Measuring Attractiveness by a Categorical Based Evaluation Technique). Part V looks at Non-Classical MCDA Approaches, with chapters on risk and uncertainty in MCDA, the decision rule approach to MCDA, the fuzzy integral approach, the verbal decision methods, and a tentative assessment of the role of fuzzy sets in decision analysis. Part VI, on Multiobjective Optimization, contains chapters on recent developments of vector and set optimization, the state of the art in continuous multiobjective programming, multiobjective combinatorial optimization, fuzzy multicriteria optimization, a review of the field of goal programming, interactive methods for solving multiobjective optimization problems, and relationships between MCDA and evolutionary multiobjective optimization (EMO). Part VII, on Applications, selects some of the most significant areas, including contributions of MCDA in finance, energy planning problems, telecommunication network planning and design, sustainable development, and portfolio analysis. Finally, Part VIII, on MCDM software, presents well known MCDA software packages.
Book Synopsis Decisions with Multiple Objectives by : Ralph L. Keeney
Download or read book Decisions with Multiple Objectives written by Ralph L. Keeney and published by Cambridge University Press. This book was released on 1993-07 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.
Book Synopsis Decision Science and Technology by : James Shanteau
Download or read book Decision Science and Technology written by James Shanteau and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision Science and Technology is a compilation of chapters written in honor of a remarkable man, Ward Edwards. Among Ward's many contributions are two significant accomplishments, either of which would have been enough for a very distinguished career. First, Ward is the founder of behavioral decision theory. This interdisciplinary discipline addresses the question of how people actually confront decisions, as opposed to the question of how they should make decisions. Second, Ward laid the groundwork for sound normative systems by noticing which tasks humans can do well and which tasks computers should perform. This volume, organized into five parts, reflects those accomplishments and more. The book is divided into four sections: `Behavioral Decision Theory' examines theoretical descriptions and empirical findings about human decision making. `Decision Analysis' examines topics in decision analysis.`Decision in Society' explores issues in societal decision making. The final section, `Historical Notes', provides some historical perspectives on the development of the decision theory. Within these sections, major, multi-disciplinary scholars in decision theory have written chapters exploring some very bold themes in the field, as an examination of the book's contents will show. The main reason for the health of the Decision Analysis field is its close links between theory and applications that have characterized it over the years. In this volume, the chapters by Barron and Barrett; Fishburn; Fryback; Keeney; Moreno, Pericchi, and Kadane; Howard; Phillips; Slovic and Gregory; Winkler; and, above all, von Winterfeldt focus on those links. Decision science originally developed out of concern with real decision problems; and applied work, such as is represented in this volume, will help the field to remain strong.
Book Synopsis Verbal Decision Analysis for Unstructured Problems by : Oleg I. Larichev
Download or read book Verbal Decision Analysis for Unstructured Problems written by Oleg I. Larichev and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central problem of prescriptive decision making is the mismatch between the elegant formal models of decision theory and the less elegant, informal thinking of decision makers, especially when dealing with ill-structured situations. This problem has been a central concern of the authors and their colleagues over the past two decades. They have wisely (to my mind) realized that any viable solution must be informed by a deep understanding of both the structural properties of alternative formalisms and the cognitive demands that they impose on decision makers. Considering the two in parallel reduces the risk of forcing decision makers to say things and endorse models that they do not really understand. It opens the door for creative solutions, incorporating insights from both decision theory and cognitive psychology. It is this opportunity that the authors have so ably exploited in this important book. Under the pressures of an interview situation, people will often answer a question that is put to them. Thus, they may be willing to provide a decision consultant with probability and utility assessments for all manner of things. However, if they do not fully understand the implications of what they are saying and the use to which it will be put, then they cannot maintain cognitive mastery of the decision models intended to represent their beliefs and interests.
Book Synopsis Info-Gap Decision Theory by : Yakov Ben-Haim
Download or read book Info-Gap Decision Theory written by Yakov Ben-Haim and published by Elsevier. This book was released on 2006-10-11 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everyone makes decisions, but not everyone is a decision analyst. A decision analyst uses quantitative models and computational methods to formulate decision algorithms, assess decision performance, identify and evaluate options, determine trade-offs and risks, evaluate strategies for investigation, and so on. Info-Gap Decision Theory is written for decision analysts. The term "decision analyst" covers an extremely broad range of practitioners. Virtually all engineers involved in design (of buildings, machines, processes, etc.) or analysis (of safety, reliability, feasibility, etc.) are decision analysts, usually without calling themselves by this name. In addition to engineers, decision analysts work in planning offices for public agencies, in project management consultancies, they are engaged in manufacturing process planning and control, in financial planning and economic analysis, in decision support for medical or technological diagnosis, and so on and on. Decision analysts provide quantitative support for the decision-making process in all areas where systematic decisions are made. This second edition entails changes of several sorts. First, info-gap theory has found application in several new areas - especially biological conservation, economic policy formulation, preparedness against terrorism, and medical decision-making. Pertinent new examples have been included. Second, the combination of info-gap analysis with probabilistic decision algorithms has found wide application. Consequently "hybrid" models of uncertainty, which were treated exclusively in a separate chapter in the previous edition, now appear throughout the book as well as in a separate chapter. Finally, info-gap explanations of robust-satisficing behavior, and especially the Ellsberg and Allais "paradoxes", are discussed in a new chapter together with a theorem indicating when robust-satisficing will have greater probability of success than direct optimizing with uncertain models. New theory developed systematically Many examples from diverse disciplines Realistic representation of severe uncertainty Multi-faceted approach to risk Quantitative model-based decision theory
Book Synopsis Spatial Multicriteria Decision Making and Analysis by : Jean-Claude Thill
Download or read book Spatial Multicriteria Decision Making and Analysis written by Jean-Claude Thill and published by Routledge. This book was released on 2019-01-04 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume consists of selected papers presented at the North American Meetings of the RSAI along with invited contributions from scholars active in the field of spatial multicriteria decision making and analysis. It is meant to present diverse lines of research in spatial multicriteria decision making and analysis under the multidisciplinary umbrella of Geographic Information Science. The first part explores selected theoretical and conceptual aspects of spatial multicriteria decision making and analysis not confined to any specific application domain. Part 2 consists of six chapters focusing on various forms of location decision and analysis problems. Finally, part 3 contains five chapters on various spatial decision problems whose systemic scope sets them apart from locational decision problems.
