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008 130429s2013 nyu foab 001 0 eng d
020 _z9781606494523 (pbk.)
020 _a9781606494530 (electronic bk.)
035 _a(MiAaPQ)EBC1161496
035 _a(Au-PeEL)EBL1161496
035 _a(CaPaEBR)ebr10690481
035 _a(CaONFJC)MIL471964
035 _a(OCoLC)840921132
040 _aMiAaPQ
_cMiAaPQ
_dMiAaPQ
050 4 _aT57.95
_b.B765 2013
082 0 4 _a658.403
_223
100 1 _aBrownley, Clinton W.
245 1 0 _aMulti-objective decision analysis
_h[electronic resource] :
_bmanaging trade-offs and uncertainty /
_cClinton W. Brownley.
250 _a1st ed.
260 _a[New York, N.Y.] (222 East 46th Street, New York, NY 10017) :
_bBusiness Expert Press,
_c2013.
300 _a1 electronic text (x, 160 p.) :
_bdigital file.
490 1 _aQuantitative approaches to decision making collection,
_x2163-9582
500 _aPart of: 2013 digital library.
504 _aIncludes bibliographical references (p. 151-156) and index.
505 0 _aAcknowledgments -- 1. Introduction to multiobjective decision analysis -- 2. Structuring objectives and developing alternatives -- 3. Value functions and preference weights -- 4. Uncertainty: probability distributions and expected value -- 5. Uncertainty: risk tolerance and expected utility -- 6. Multiobjective decision analysis under uncertainty -- 7. Conclusion -- Notes -- References -- Index.
506 _aAccess restricted to authorized users and institutions.
520 3 _aWhether managing strategy, operations, or products, making the best decision in a complex, uncertain business environment is challenging. One of the major difficulties facing decision makers is that they often have multiple, competing objectives, which means trade-offs will need to be made. To further complicate matters, uncertainty in the business environment makes it hard to explicitly understand how different objectives will impact potential outcomes. Fortunately, these problems can be solved with a structured framework for multiobjective decision analysis that measures trade-offs among objectives and incorporates uncertainties and risk preferences. This book is designed to help decision makers by providing such an analysis framework implemented as a simple spreadsheet tool. This framework helps structure the decision-making process by identifying what information is needed in order to make the decision, defining how that information should be combined to make the decision, and, finally, providing quantifiable evidence to clearly communicate and justify the final decision. The process itself involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. With this process, decision making is made more efficient by focusing only on information and factors that are well defined, measureable, and relevant to the decision at hand. The clear characterization of the decision required by the framework ensures that a decision can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can effectively and consistently make better decisions to gain a competitive and strategic advantage.
530 _aAlso available in print.
533 _aElectronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
538 _aMode of access: World Wide Web.
538 _aSystem requirements: Adobe Acrobat reader.
588 _aTitle from PDF t.p. (viewed on April 29, 2013).
650 0 _aMultiple criteria decision making.
653 _adecision making
653 _adecision analysis
653 _adecision modeling
653 _astrategic decisions
653 _abusiness decisions
653 _ahow to decide
653 _atrade-offs
653 _amultiobjective
653 _avalues
653 _aweights
653 _avalue functions
653 _aobjectives
653 _ameasures
653 _aalternatives
653 _auncertainty
653 _aprobability
653 _adiscrete
653 _acontinuous
653 _alinear
653 _aexponential
653 _aexpected value
653 _autility
653 _aexpected utility
653 _arisk tolerance
653 _acertainty equivalents
655 4 _aElectronic books.
776 0 8 _iPrint version:
_z9781606494523
830 0 _a2013 digital library.
830 0 _aQuantitative approaches to decision making collection.
_x2163-9582
856 4 0 _uhttps://ebookcentral.proquest.com/lib/bacm-ebooks/detail.action?docID=1161496
_zClick to View
999 _c94130
_d94130