Multi-Objective Decision Analysis: Managing Trade-Offs and Uncertainty

Multi-Objective Decision Analysis: Managing Trade-Offs and Uncertainty

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Hardcover, Business Expert Pr, 2013, ISBN13 9781606494523, ISBN10 160649452X
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Hardcover, Business Expert Pr, 2013, ISBN13 9781606494523, ISBN10 160649452X

About this item

Important Made in USA Origin Disclaimer: For certain items sold by Walmart on Walmart.com, the displayed country of origin information may not be accurate or consistent with manufacturer information. For updated, accurate country of origin data, it is recommended that you rely on product packaging or manufacturer information.

Hardcover, Business Expert Pr, 2013, ISBN13 9781606494523, ISBN10 160649452X

Whether managing strategy, operations or products, knowing how to make the best decision in a complex, uncertain business environment is difficult. You might be faced with multiple, competing objectives, which means making trade-offs. To complicate matters, any uncertainty makes it hard to explicitly understand how different objectives will impact potential outcomes. This book will help you face these problems. It provides a decision analysis framework implemented as a simple spreadsheet tool. This multi-objective decision analysis framework helps you to measure trade-offs among objectives and incorporate uncertainties and risk preferences. With this book, you will be able to identify what information is needed to make a decision, define how that information should be combined, and, finally, provide quantifiable evidence to clearly communicate and justify the decision. The process involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. This process makes decision making more efficient by focusing only on information and factors that are well-defined, measureable, and relevant to the decision at hand. The framework requires clear characterization of a decision, ensuring that it can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can consistently make better decisions to gain competitive and strategic advantage.

Specifications

Number of Pages: 160
Original Languages: English
Author: Brownley, Clinton W., Ph.D.
Series Title: The Quantitative Approaches to Decision Making
Publisher: Business Expert Pr
Publication Date: May, 2013
ISBN-13: 9781606494523
Assembled Product Dimensions (L x W x H): 6.00 x 9.00 x 0.30 Inches
ISBN-10: 160649452X
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