Making Hard Decisions With Decision Tools,9780534365974

Making Hard Decisions With Decision Tools

by
Edition: 1st
ISBN13: 9780534365974
ISBN10: 0534365973
Format: Hardcover
Pub. Date: 2000-06-23
Publisher(s): BROOKS COLE
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List Price: $176.95

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Summary

MAKING HARD DECISIONS WITH DECISIONTOOLS® is a special version of Bob Clemen's best-selling text, MAKING HARD DECISIONS. This straight-forward book teaches the fundamental ideas of decision analysis, without an overly technical explanation of the mathematics used in management science. This new version incorporates and implements the powerful DecisionTools® by Palisade Corporation, the world's leading toolkit for risk and decision analysis. At the end of each chapter, topics are illustrated with step-by-step instructions for DecisionTools®. This new version makes the text more useful and relevant to students to business and engineering.

Author Biography

Robert T. Clemen is a Professor at the Fuqua School of Business at Duke University.

Table of Contents

Introduction to Decision Analysis
1(18)
Section 1 Modeling Decisions 19(228)
Elements of Decision Problems
21(22)
Structuring Decisions
43(68)
Making Choices
111(63)
Sensitivity Analysis
174(43)
Creativity and Decision Making
217(30)
Section 2 Modeling Uncertainty 247(278)
Probability Basics
249(46)
Subjective Probability
295(57)
Theoretical Probability Models
352(46)
Using Data
398(61)
Monte Carlo Simulation
459(37)
Value of Information
496(29)
Section 3 Modeling Preferences 525(154)
Risk Attitudes
527(44)
Utility Axioms, Paradoxes, and Implications
571(27)
Conflicting Objectives I: Fundamental Objectives and the Additive Utility Function
598(46)
Conflicting Objectives II: Multiattribute Utility Models with Interactions
644(31)
Conclusion and Further Reading
675(4)
Appendixes 679(40)
Answers to Selected Exercises 719(2)
Credits 721(1)
Author Index 722(3)
Subject Index 725

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