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Book Cover
E-book
Author Korhonen, Pekka

Title Making better decisions : balancing conflicting criteria / Pekka J. Korhonen, Jyrki Wallenius
Published Cham : Springer, 2020

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Description 1 online resource
Series International series in operations research & management science, 0884-8289 ; v. 294
International series in operations research & management science ; v. 294.
Contents Different Paradigms of Decision-Making -- About the Role of Intuition -- Towards Analytic Decision-Making -- How Do Humans Make Choices? -- Beware of Decision Traps: The World of Certainty -- Beware of Decision Traps: The World of Uncertainty -- The Devil is in the Details -- A Picture is Worth a Thousand Words -- Choosing Among Known Alternatives -- Designing Potential Solutions -- Solving Design Problems -- Need for Decision Support Systems -- Use Scenarios Instead of a Crystal Ball -- Making Operations More Efficient -- Real-World Problems -- Negotiating a Deal -- In Conclusion
Summary 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, Simons bounded rationality, Tversky and Kahnemans 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
Notes Online resource; title from PDF title page (EBSCO, viewed September 3, 2020)
Subject Decision making.
Multiple criteria decision making.
Decision Making
decision making.
Operational research.
Occupational & industrial psychology.
Behavioural economics.
Business & Economics -- Operations Research.
Psychology -- Industrial & Organizational Psychology.
Business & Economics -- Organizational Behavior.
Decision making
Multiple criteria decision making
Form Electronic book
Author Wallenius, Jyrki
ISBN 9783030494599
3030494594