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Making Better Decisions
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Making Better Decisions : Balancing Conflicting Criteria

1st ed. 2020

by Jyrki Wallenius , Pekka J. Korhonen

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
Product Classification: Decision theory: general Occupational & industrial psychology Behavioural economics Management decision making Operational research
Ksh 5,950.00 Werezi Extended Catalogue

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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, 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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