Readings in Decision Analysis

by S. French

Overview

Provides an introduction to decision analysis. This book is based upon a number of papers and articles taken from the Operational Research Society's journal and other publications. However, the book is not simply a 'collection of reprints': Professor French has provided extensive notes and commentary to weave the extracts into a coherent whole. Although techniques are presented, the main thrust is to convey the purpose of decision analysis and the interpretation that should be placed upon its output: vital topics, but ones seldom discussed in introductory texts. The writing is aimed at the non-technical reader.

Product Details

ISBN-13:	9781000152937
Publisher:	CRC Press
Publication date:	11/25/2020
Series:	Chapman & Hall/CRC Texts in Statistical Science
Sold by:	Barnes & Noble
Format:	eBook
Pages:	224
File size:	62 MB
Note:	This product may take a few minutes to download.

About the Author

Simon French is Professor of Operational Research and Information Systems, University of Leeds, UK.

Table of Contents

Preface -- Foreword -- 1 Introduction -- 1.1 Preamble -- 1.2 The rev counter decision /by P. G. Moore and H. Thomas -- 1.3 Decision analysis and operational research -- 2 The theory -- 2.1 Decision tables and decision trees -- 2.2 Subjective probability and Bayes' theorem -- 2.3 Utility theory -- 2.4 Multi-attribute utility theory -- 3 Case studies -- 3.1 Introduction -- 3.2 Marketing a new product /by D. W. Beattie -- 3.3 Balancing the failure modes in the electronic circuit of a cardiac pacemaker: a decision analysis /by B. Ronen, J. S. Pliskin and S. Feldman -- 3.4 A multi-objective decision analysis: budget planning for product engineering /by D. L. Keefer and C. W. Kirkwood -- 3.5 Decision analysis for the evaluation of risk in nuclear waste management /by J. W. Lathrop and S. R. Watson -- 3.6 Requisite decision modelling: a case study /by L. D. Phillips -- 3.7 The use of a simple multiple-criteria model to assist in selection from a shortlist /by V. Belton -- 4 Thinking and sharing perceptions -- 4.1 A collection of 'Viewpoints' /by K. D. Tocher, R. M. Adelson, S. French, R. Hartley, /L. C. Thomas and D. J. White -- 4.2 What is a normative analysis? -- 4.3 From decision theory of decision analysis /by S. French -- 4.4 Group decision making and decision conferencing -- 4.5 Subjective aspects of the art of decision analysis: exploring the role of decision analysis in decision structuring, decision support, and policy dialogue /by H. Thomas and D. Samson -- Further reading -- References -- Index.

Editorial Reviews

The CIP includes this subtitle: A collection of edited readings, with accompanying notes, taken from publicastions of the Operational Research Society of Great Britain. The selected papers provide an introduction to the field, conveying the purposes and illustrating techniques for the non-technical reader. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews

"The author uses a lively combination of his own narrative and previously published papers to lead the reader through the theory and applications in the field."
-American Mathematical Monthly

From the Publisher