Description
A undergraduate textbook for a one-semester overview of decision analysis, a branch of statistics. Chapters cover probability, Monte Carlo simulation, sensitivity analysis, risk attitudes, and utility axioms. Readers should be familiar with basic applied statistical concepts. The CD-ROM contains the program used to illustrate the material. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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MAKING HARD DECISIONS WITH DECISIONTOOLS? is a special version of Bob Clemen's best-selling text, MAKING HARD DECISIONS. This straight-forward book teaches the fundamental ideas of decision analysis, without an overly technical explanation of the mathematics used in management science. This new version incorporates and implements the powerful DecisionTools? 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 to business and engineering.
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