Solution Manual for Making Hard Decisions with DecisionTools, 3rd Edition Robert T. Clemen, Terence Reilly digital download immediately after payment is complete.

Product details:

• ISBN-10 ‏ : ‎ 0538797576
• ISBN-13 ‏ : ‎ 978-0538797573
• Author: Robert T. Clemen

MAKING HARD DECISIONS WITH DECISIONTOOLS is a new edition of Bob Clemen’s best-selling title, MAKING HARD DECISIONS. This straightforward book teaches the fundamental ideas of decision analysis, without an overly technical explanation of the mathematics used in decision analysis. This new version incorporates and implements the powerful DecisionTools software 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 in business and engineering.

Table of contents:

Ch 1: Introduction to Decision Analysis

Introduction

Why Are Decisions Hard?

Why Study Decision Analysis?

Subjective Judgments and Decision Making

The Decision Analysis Process

Requisite Decision Models

Where Is Decision Analysis Used?

Where Does the Software Fit In?

Where Are We Going from Here?

Summary

Questions and Problems

Case Studies

References

Epilogue

Section 1: Modeling Decisions

Ch 2: Elements of Decision Problems

Introduction

Values and Objectives

Decisions to Make

Uncertain Events

Consequences

Summary

Questions and Problems

Case Studies

References

Epilogue

Ch 3: Structuring Decisions

Introduction

Structuring Values

Fundamental and Means Objectives

Getting the Decision Context Right

Structuring Decisions: Influence Diagrams

Influence Diagrams and the Fundamental Objectives Hierarchy

Using Arcs to Represent Relationships

Some Basic Influence Diagrams

Constructing an Influence Diagram

Structuring Decisions: Decision Trees

Decision Trees and the Objectives Hierarchy

Basic Decision Trees

Decision Trees and Influence Diagrams Compared

Decision Details: Defining Elements of the Decision

More Decision Details: Cash Flows and Probabilities

Defining Measurement Scales for Fundamental Objectives

Using PrecisionTree for Structuring Decisions

Summary

Exercises

Questions and Problems

Case Studies

References

Epilogue

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