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Managerial Decisions Under Uncertainty : An Introduction to the Analysis of Decision Making - Bruce F. Baird

Managerial Decisions Under Uncertainty

An Introduction to the Analysis of Decision Making

Hardcover Published: 3rd May 1989
ISBN: 9780471858911
Number Of Pages: 544

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This book shows the reader how to improve decision-making skills in realistic situations and how to do it in a reasonably non-mathematical fashion. The author develops practical techniques for deciding upon the best strategies in a variety of situations. He provides methods for reducing complex problems to easily-drawn decision diagrams (trees), and supports them with real-life examples. Detailed cases that employ the methods described in the text are included, and each chapter contains illustrated examples and exercises. The text will be of interest to managers and students of engineering and business administration.

Some Fundamental Concepts.

Elementary Probability Theory.

Random Variables and Probability Distributions.

Theoretical Probability Distributions.

Decision Theory and Inference.

Some Elementary Bayesian Concepts.

Construction of Decision Diagrams.

Information and Revision of Probabilities.

Probability Assessment.

The Theory and Application of Utility.

Sensitivity Analysis.

Decision Making and the Normal Distribution.

Multicriteria Decisions.



Answers to Selected Exercises.



ISBN: 9780471858911
ISBN-10: 0471858919
Series: Wiley Series in Engineering and Technology Management
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 544
Published: 3rd May 1989
Country of Publication: US
Dimensions (cm): 24.0 x 16.5  x 3.0
Weight (kg): 0.94
Edition Number: 1