Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Evaluation and Decision Models: A Critical Perspective

Evaluation and Decision Models: A Critical Perspective

Marchant, Thierry
Bouyssou, Denis
Pirlot, Marc

Hardcover

Series: International Operations Research & Management Science, Book 32

Business GeneralGeneral Science

ISBN10: 0792372506
ISBN13: 9780792372509
Publisher: Springer
Published: Nov 30 2000
Pages: 274
Weight: 1.33
Height: 0.82 Width: 7.08 Depth: 9.02
Language: English
1. 1 Motivations Deciding is a very complex and difficult task. Some people even argue that our ability to make decisions in complex situations is the main feature that distinguishes us from animals (it is also common to say that laughing is the main difference). Nevertheless, when the task is too complex or the interests at stake are too important, it quite often happens that we do not know or we are not sure what to decide and, in many instances, we resort to a decision support technique: an informal one-we toss a coin, we ask an oracle, we visit an astrologer, we consult an expert, we think-or a formal one. Although informal decision support techniques can be of interest, in this book, we will focus on formal ones. Among the latter, we find some well-known decision support techniques: cost-benefit analysis, multiple criteria decision analysis, decision trees, . . . But there are many other ones, sometimes not presented as decision support techniques, that help making decisions. Let us cite but a few examples. - When the director of a school must decide whether a given student will pass or fail, he usually asks each teacher to assess the merits of the student by means of a grade. The director then sums the grades and compares the result to a threshold. - When a bank must decide whether a given client will obtain a credit or not, a technique, called credit scoring, is often used.

1 different editions

Also available

Also in

Business General

View All