Decision Analysis for the Professional

Decision Analysis for the Professional
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In the thirteen years since the first edition of this book, the authors have seen a dramatic evolution in the practice of decision analysis. The number of companies using decision analysis as an approach to problem solving has grown rapidly. Our experience during this period has shown that practical as well as analytical skills are needed for successful implementation of a decision analysis program.

As a problem-solving approach, decision analysis involves far more than the use of decision trees as a calculational tool. It is a process of framing a problem correctly, of dealing effectively with uncertainty, of involving all the relevant people, and, above all, of communicating clearly. Accordingly, in addition to the analytical techniques used in decision analysis, this book presents material that the authors hope will assist the reader in integrating these techniques into a practical and effective problem-solving process.