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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
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Making Better Decisions - Balancing Conflicting Criteria (Hardcover, 1st ed. 2020)
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Making Better Decisions - Balancing Conflicting Criteria (Hardcover, 1st ed. 2020)
Series: International Series in Operations Research & Management Science, 294
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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.
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