Decision-Making Management
A Tutorial and Applications

A clear and didactic guide to solving multi-criteria decision-making problems with defined constraints and requirements

Alberto Pliego Marugan (Author), Fausto Pedro Garcia Marquez (Author)

9780128115404

Paperback, published 21 July 2017

148 pages
22.9 x 15.1 x 1.1 cm, 0.32 kg

Decision-Making Management: A Tutorial and Applications provides practical guidance for researchers seeking to optimizing business-critical decisions employing Logical Decision Trees thus saving time and money. The book focuses on decision-making and resource allocation across and between the manufacturing, product design and logistical functions. It demonstrates key results for each sector with diverse real-world case studies drawn primarily from EU projects. Theory is accompanied by relevant analysis techniques, with a progressional approach building from simple theory to complex and dynamic decisions with multiple data points, including big data and lot of data. Binary Decision Diagrams are presented as the operating approach for evaluating large Logical Decision Trees, helping readers identify Boolean equations for quantitative analysis of multifaceted problem sets. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems with defined constraints and requirements. The final objective is to optimize dynamic decisions with original approaches employing useful tools, including Big Data analysis. Extensive annexes provide useful supplementary information for readers to follow methods contained in the book.

1. Introduction2. Logical Decision Tree Analysis3. Binary Decision Diagrams4. Case Studies5. LDT: Dynamic Analysis6. Decision-Making Optimization

Subject Areas: Economic forecasting [KCJ], Microeconomics [KCC]