Decision Analysis for Management Judgment

In an increasingly complex world, decision analysis can play a major role in helping decision makers to gain a greater understanding of the problems they face; particularly as research has shown that the decision-making process can often go wrong. This book aims to make decision analysis accessible to managers and administrators in business and public sector organizations.Written in a user-friendly style and using practical examples, it shows how difficult decisions can be tackled in a structured way so that new insights emerge and a documented and defensible rationale for the decision is established. Extended and updated to include the latest ideas and techniques, new features of this edition include chapters on the analytic hierarchy process, decision framing, scenario planning and how unaided decision makers make decisions, while more exercises and discussion questions have been included at the end of most chapters.

Decision Analysis for Management Judgment is an essentially practical book which draws together ideas from a variety of disciplines — including psychology, management science and statistics. Assuming little or no prior knowledge of these disciplines, it will help both practicing managers faced with the responsibility of making crucial decisions as well as students on management, business administration and decision analysis courses.

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