Solution Manual for Making Hard Decisions with DecisionTools, 3rd Edition Robert T. Clemen, Terence Reilly digital download immediately after payment is complete.
Product details:
- ISBN-10 : 0538797576
- ISBN-13 : 978-0538797573
- Author: Robert T. Clemen
MAKING HARD DECISIONS WITH DECISIONTOOLS is a new edition of Bob Clemen’s best-selling title, MAKING HARD DECISIONS. This straightforward book teaches the fundamental ideas of decision analysis, without an overly technical explanation of the mathematics used in decision analysis. This new version incorporates and implements the powerful DecisionTools software by Palisade Corporation, the world’s leading toolkit for risk and decision analysis. At the end of each chapter, topics are illustrated with step-by-step instructions for DecisionTools. This new version makes the text more useful and relevant to students in business and engineering.
Table of contents:
Ch 1: Introduction to Decision Analysis
Introduction
Why Are Decisions Hard?
Why Study Decision Analysis?
Subjective Judgments and Decision Making
The Decision Analysis Process
Requisite Decision Models
Where Is Decision Analysis Used?
Where Does the Software Fit In?
Where Are We Going from Here?
Summary
Questions and Problems
Case Studies
References
Epilogue
Section 1: Modeling Decisions
Ch 2: Elements of Decision Problems
Introduction
Values and Objectives
Decisions to Make
Uncertain Events
Consequences
Summary
Questions and Problems
Case Studies
References
Epilogue
Ch 3: Structuring Decisions
Introduction
Structuring Values
Fundamental and Means Objectives
Getting the Decision Context Right
Structuring Decisions: Influence Diagrams
Influence Diagrams and the Fundamental Objectives Hierarchy
Using Arcs to Represent Relationships
Some Basic Influence Diagrams
Constructing an Influence Diagram
Structuring Decisions: Decision Trees
Decision Trees and the Objectives Hierarchy
Basic Decision Trees
Decision Trees and Influence Diagrams Compared
Decision Details: Defining Elements of the Decision
More Decision Details: Cash Flows and Probabilities
Defining Measurement Scales for Fundamental Objectives
Using PrecisionTree for Structuring Decisions
Summary
Exercises
Questions and Problems
Case Studies
References
Epilogue
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