Making Better Decisions
Balancing Conflicting Criteria
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.
| Autor: | Korhonen, Pekka J. Wallenius, Jyrki |
|---|---|
| ISBN: | 9783030494575 |
| Sprache: | Englisch |
| Seitenzahl: | 167 |
| Produktart: | Gebunden |
| Verlag: | Springer International Publishing |
| Veröffentlicht: | 19.08.2020 |
| Untertitel: | Balancing Conflicting Criteria |
| Schlagworte: | Behavioral decision making Decision support Dominance principle Mulriple Criteria Decision Aiding Multi-attribute choice Multiple Criteria Decision Making Prospect theory Reference-dependent model |
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