Decisions With Multiple Objectives

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Decisions With Multiple Objectives

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Author : Ralph L. Keeney
language : en
Publisher: Cambridge University Press
Release Date : 1993-07

Decisions With Multiple Objectives written by Ralph L. Keeney and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-07 with Business & Economics categories.

This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.

Multiple Objective Decision Making Methods And Applications

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Author : C.-L. Hwang
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Multiple Objective Decision Making Methods And Applications written by C.-L. Hwang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

Decision making is the process of selecting a possible course of action from all the available alternatives. In almost all such problems the multiplicity of criteria for judging the alternatives is pervasive. That is, for many such problems, the decision maker (OM) wants to attain more than one objective or goal in selecting the course of action while satisfying the constraints dictated by environment, processes, and resources. Another characteristic of these problems is that the objectives are apparently non commensurable. Mathematically, these problems can be represented as: (1. 1 ) subject to: gi(~) ~ 0, ,', . . . ,. ! where ~ is an n dimensional decision variable vector. The problem consists of n decision variables, m constraints and k objectives. Any or all of the functions may be nonlinear. In literature this problem is often referred to as a vector maximum problem (VMP). Traditionally there are two approaches for solving the VMP. One of them is to optimize one of the objectives while appending the other objectives to a constraint set so that the optimal solution would satisfy these objectives at least up to a predetermined level. The problem is given as: Max f. ~) 1 (1. 2) subject to: where at is any acceptable predetermined level for objective t. The other approach is to optimize a super-objective function created by multiplying each 2 objective function with a suitable weight and then by adding them together.

Value Focused Thinking

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Author : Ralph L. Keeney
language : en
Publisher: Harvard University Press
Release Date : 1996-02

Value Focused Thinking written by Ralph L. Keeney and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-02 with Business & Economics categories.

This text argues that in decision-making a focus should be placed on the bottom-line objectives that give it its meaning. It states that through recognizing and articulating fundamental values, better decision opportunities can be identified, thereby creat

Give Yourself A Nudge

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Author : Ralph L. Keeney
language : en
Publisher: Cambridge University Press
Release Date : 2020-04-23

Give Yourself A Nudge written by Ralph L. Keeney and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-23 with Business & Economics categories.

Enhancing your decision-making skills to make smarter decisions is the best way you can purposefully improve your life.

Decision By Objectives How To Convince Others That You Are Right

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Author : Ernest Forman
language : en
Publisher: World Scientific
Release Date : 2001-12-10

Decision By Objectives How To Convince Others That You Are Right written by Ernest Forman and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12-10 with Business & Economics categories.

Decision-making is a process of choosing from possible courses of action in order to attain goals and objectives. Nobel laureate Herbert Simon wrote that the whole process of managerial decision-making is synonymous with the practice of management. Decision-making is at the core of all managerial functions. Planning, for example, involves the following decisions: What should be done? When? How? Where? By whom? Other managerial functions, such as organizing, implementing, and controlling, rely heavily on decision-making.Decision by Objectives is an invaluable book about the art and science of decision-making. It presents a very practical approach to decision-making that has a sound theoretical foundation, known as the analytic hierarchy process. Intended for both the student and the professional, the book includes approaches to prioritizing, evaluating alternative courses of action, forecasting, and allocating resources. By focusing on objectives rather than alternatives alone, it shows the reader how to synthesize information from multiple sources, analyses, and perspectives. The methods presented have been gaining popularity throughout the world.

Decisions With Multiple Objectives

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Author : Ralph L. Keeney
language : en
Publisher: Cambridge University Press
Release Date : 1993-07-30

Decisions With Multiple Objectives written by Ralph L. Keeney and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-07-30 with Business & Economics categories.

Many of the complex problems faced by decision makers involve multiple conflicting objectives. This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives. The theory is illustrated by many real concrete examples taken from a host of disciplinary settings. The standard approach in decision theory or decision analysis specifies a simplified single objective like monetary return to maximise. By generalising from the single objective case to the multiple objective case, this book considerably widens the range of applicability of decision analysis.

Decisions With Multiple Objectives

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Author : Ralph L. Keeney
language : en
Publisher:
Release Date : 1993

Decisions With Multiple Objectives written by Ralph L. Keeney and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

Multi Objective Decision Analysis

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Author : Clinton W. Brownley
language : en
Publisher: Business Expert Press
Release Date : 2013-03-28

Multi Objective Decision Analysis written by Clinton W. Brownley and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-28 with Business & Economics categories.

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.

Multiple Criteria Decision Making

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Author : M. Murat Köksalan
language : en
Publisher: World Scientific
Release Date : 2011

Multiple Criteria Decision Making written by M. Murat Köksalan and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.

Ch. 1. The early history of MCDM -- ch. 2. MCDM developments in the 1970s -- ch. 3. MCDM developments in the 1980s -- ch. 4. MCDM developments in the 1990s and beyond -- ch. 5. MCDM conferences -- ch. 6. MCDM society traditions -- ch. 7. Awards and presidents -- ch. 8. Biographies of leading MCDM scholars -- ch. 9. Conclusion