Description
| Product ID: | 9783030494575 |
| Product Form: | Hardback |
| Country of Manufacture: | CH |
| Series: | International Series in Operations Research & Management Science |
| Title: | Making Better Decisions |
| Subtitle: | Balancing Conflicting Criteria |
| Authors: | Author: Jyrki Wallenius, Pekka J. Korhonen |
| Page Count: | 167 |
| Subjects: | Decision theory: general, Decision theory: general, Occupational and industrial psychology, Behavioural economics, Management decision making, Operational research, Occupational & industrial psychology, Behavioural economics, Management decision making, Operational research |
| Description: | Select Guide Rating This includes the concept of nondominance, Simon’s bounded rationality, Tversky and Kahneman’s prospect theory, and the concepts of behavioral vs. The book concludes with a non-technical review of many popular decision algorithms, including the Analytic Hierarchy Process (AHP), VIMDA, and a number of classic interactive man-machine algorithms. This book offers a comprehensive introduction to decision-making in an MCDM framework. Designed as a tutorial, it presents the main concepts and methods to be applied, together with essential background information. This includes the concept of nondominance, Simon''s bounded rationality, Tversky and Kahneman''s prospect theory, and the concepts of behavioral vs. mathematical convergence and premature stopping put forward by Korhonen, Moskowitz and Wallenius. The book concludes with a non-technical review of many popular decision algorithms, including the Analytic Hierarchy Process (AHP), VIMDA, and a number of classic interactive man-machine algorithms. In essence, the book is a "one-stop" source on everything you need to know about managerial decision-making in the multiple-criteria setting. |
| Imprint Name: | Springer Nature Switzerland AG |
| Publisher Name: | Springer Nature Switzerland AG |
| Country of Publication: | GB |
| Publishing Date: | 2020-08-19 |
