Decision Synthesis: The Principles and Practice of Decision Analysis - Hardcover

Watson, Stephen R.; Buede, Dennis M.

Hardcover

ISBN 10: 0521325692 ISBN 13: 9780521325691

Publisher: Cambridge University Press, 1988

Synopsis

This book provides a synthesis of the theory of decision making and its practical application in decision analysis. Part 1 provides a detailed guide to the principles of decision theory. The authors introduce the literature on key ideas such as value theory, subjective probability theory and utility theory, and assess how these ideas, developed for individual decision makers, may apply to decision-making within organisations. Part 2 deals with the various strategies and techniques employed in decision analysis, and the application of decision theory in particular, documented cases. The authors also appraise the validity and usefulness of these procedures of decision synthesis. The book will be of interest to students and teachers of the theory and practice of decision analysis, and to psychologists, economists and operations researchers in universities and business schools; it will also be invaluable as a handbook to these and to professional managers in business and government, and to management consultants.

About this title

Book Description

A synthesis of the theory of decision making and its practical applications is intended for students as well as specialists and as a handbook for those needing to apply decision analysis in practice.

Review

"...presents a well-balanced treatment of the major principles and circumstances of decision making..." William E. Cooper, American Journal of Psychology

Edition details

• Publisher: Cambridge University Press
• Publication date: 1988
• Language: English
• ISBN 10: 0521325692
• ISBN 13: 9780521325691
• Binding: Hardcover
• Number of pages: 320