Making Hard Decisions: An Introduction to Decision Analysis

This text involves readers in real-world decisions from personal, federal, corporate and environmental areas. Readers should learn how to use the tools of decision analysis including decision tree diagrammes, influence diagrammes and probabilistic models for insight into decision-making situations.

Robert T. Clemen is an Associate Professor at the Fuqua School of Business at Duke University. He has been an active contributor to the field of decision analysis since earning his Ph.D. at Indiana University in 1984 and is an authority in the use of expert information in risk analysis. Aside from his research interests, Bob has a strong focus on making decision analysis understandable to all students at all levels, ranging from creating teaching materials for high school students to teaching in executive education programs.

Terence Reilly is an associate professor of mathematics and statistics at Babson College. Since graduating from the University of Oregon, he has spearheaded curriculum changes in the graduate management science classes at Babson College. He has developed extensive distance-learning based materials and has been awarded a grant to implement cooperative learning techniques in the classroom. His research interests include decision analysis, sensitivity analysis, copulas (multivariate distributions), and financial risk analysis. He regularly teaches in executive education programs and has consulted with many corporations, large and small.