Making Better Decisions : Balancing Conflicting Criteria
1st ed. 2020
Book Details
Format
Hardback or Cased Book
ISBN-10
3030494578
ISBN-13
9783030494575
Edition
1st ed. 2020
Publisher
Springer Nature Switzerland AG
Imprint
Springer Nature Switzerland AG
Country of Manufacture
CH
Country of Publication
GB
Publication Date
Aug 19th, 2020
Print length
167 Pages
Weight
440 grams
Dimensions
15.90 x 24.10 x 1.80 cms
Ksh 5,950.00
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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, Simons bounded rationality, Tversky and Kahnemans 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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