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Product details:
- ISBN 10: 1285708342
- ISBN 13: 9781285708348
- Author: Robert T. Clemen; Terence Reilly
MAKING HARD DECISIONS WITH DECISIONTOOLS is a new edition of Bob Clemen’s best-selling title, MAKING HARD DECISIONS. This straightforward book teaches the fundamental ideas of decision analysis, without an overly technical explanation of the mathematics used in decision analysis. This new version incorporates and implements the powerful DecisionTools software 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 in business and engineering.
Table contents:
Ch 1: Introduction to Decision Analysis
Ch 2: Elements of Decision Problems
Ch 3: Structuring Decisions
Ch 4: Making Choices
Ch 5: Sensitivity Analysis
Ch 6: Organizational Use of Decision Analysis
Ch 7: Probability Basics
Ch 8: Subjective Probability
Ch 9: Theoretical Probability Models
Ch 10: Using Data
Ch 11: Simulation
Ch 12: Value of Information
Ch 13: Real Options
Ch 14: Risk Attitudes
Ch 15: Utility Axioms, Paradoxes, and Implications
Ch 16: Conflicting Objectives I: Fundamental Objectives and the Additive Utility Function
Ch 17: Conflicting Objectives II: Multiattribute Utility Models with Interactions
Ch 18: Conclusion and Further Reading
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