Advances in decision analysis: from foundations to applications

Decision analysis is a prescriptive theory that aids individuals or groups confronted with complex problems in a wide variety of contexts. By framing issues, identifying risks, eliciting stakeholder preferences, and suggesting alternative approaches, decision analysts can offer workable solutions in...

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Bibliographic Details
Other Authors: Edwards, Ward 1927-2005 (Editor), Miles, Ralph F. 1933- (Editor), Von Winterfeldt, Detlof (Editor)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2007
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Online Access:BSB01
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Summary:Decision analysis is a prescriptive theory that aids individuals or groups confronted with complex problems in a wide variety of contexts. By framing issues, identifying risks, eliciting stakeholder preferences, and suggesting alternative approaches, decision analysts can offer workable solutions in domains such as the environment, health and medicine, engineering and operations research, and public policy. This book is a mixture of historical and forward-looking essays on key topics in decision analysis. Part I covers the history and foundations of decision analysis. Part II discusses structuring decision problems, including the development of objectives and their attributes, and influence diagrams. Part III discusses probabilities and their elicitation and Bayes nets. Part IV discusses additive and multiplicative utilities, risk preferences, and 'option pricing' methods. Part V discusses risk analysis. Part VI puts decision analysis in a behavioral and organizational context. Part VII presents case studies of applications
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xv, 623 pages)
ISBN:9780511611308
DOI:10.1017/CBO9780511611308

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