Decision Making Under Uncertainty with RISKOptimizer PDF Download

Author: Wayne L. Winston
Publisher:
ISBN: 9781893281011
Category : Decision making
Languages : en
Pages : 0

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Book Description
Previously published by Palisade Corporation, 1999 under the title: Decision making under uncertainty with RISKOptimizer : a step-by-step guide with Microsoft Excel and Palisade's RISKOptimizer software.

Author: CHARLES. YOE
Publisher:
ISBN: 9781138545656
Category :
Languages : en
Pages :

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Author: Mohammed Abdellaoui
Publisher: Springer Science & Business Media
ISBN: 3540684379
Category : Business & Economics
Languages : en
Pages : 246

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Book Description
Brings the reader into contact with the accomplished progress in individual decision making through the contributions to uncertainty modeling and behavioral decision making. This work also introduces the reader to the subtle issues to be resolved for rational choice under uncertainty.

Author: Charles Yoe
Publisher: CRC Press
ISBN: 1439857504
Category : Technology & Engineering
Languages : en
Pages : 576

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Book Description
In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know-and it is intentional in the way it addresses the importance of the things we don't know. Principles of Risk Analysis: Decision Making Under Uncertainty lays out the tasks of risk analysis i

Author: Richard Friberg
Publisher: MIT Press
ISBN: 026233156X
Category : Business & Economics
Languages : en
Pages : 395

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Book Description
A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Author: Charles A. Holloway
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 560

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Book Description
Introduction and basic concepts; Models and probability; Choices and preferences; Preference assessment procedures; Behavioral assumptions and limitations of decision analysis; Risk sharing and incentives; Choices with multiple attributes.

Author: Charles Yoe
Publisher: CRC Press
ISBN: 9781138423138
Category :
Languages : en
Pages :

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Book Description
In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know�and it is intentional in the way it addresses the importance of the things we don�t know. Primer on Risk Analysis: Decision Making Under Uncertainty lays out the tasks of risk analysis in a straightforward, conceptual manner that is consistent with the risk models of all communities of practice. This primer tackles the question, "what is risk analysis?" Distilling the common principles of the many risk tribes and dialects into serviceable definitions and narratives, it provides a foundation for the practice of risk analysis and decision making under uncertainty for professionals from all walks of life. Readers learn the language, models, and concepts of risk analysis and its three component tasks�risk management, assessment, and communication. Making a distinction between knowledge uncertainty and natural variability, the book also introduces a down-to-earth approach to decision making under uncertainty. Extensive examples illustrate the applicability of the risk analysis principles. The book�s simple and straightforward style�based on the author�s decades of experience as a risk analyst, trainer, and educator�strips away the mysterious aura that often accompanies risk analysis. It describes the principles of risk analysis in a manner that enables readers to better understand and use the models and practice of their individual fields, and to gain access to the rich and sophisticated professional literature on risk analysis. A companion volume, Principles of Risk Analysis: Decision Making Under Uncertainty, supplies the tools, techniques, and methodologies to help readers apply the principles of risk analysis�the "how to." Additional exercises, as well as a free student version of the Palisade Corporation Decision

Author: González-Prida, Vicente
Publisher: IGI Global
ISBN: 1799832481
Category : Business & Economics
Languages : en
Pages : 423

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Book Description
Business industries depend on advanced models and tools that provide an optimal and objective decision-making process, ultimately guaranteeing improved competitiveness, reducing risk, and eliminating uncertainty. Thanks in part to the digital era of the modern world, reducing these conditions has become much more manageable. Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts provides research exploring the theoretical and practical aspects of effective decision making based not only on mathematical techniques, but also on those technological tools that are available nowadays in the Fourth Industrial Revolution. Featuring coverage on a broad range of topics such as industrial informatics, knowledge management, and production planning, this book is ideally designed for decision makers, researchers, engineers, academicians, and students.

Author: David E. Bell
Publisher: Thomson South-Western
ISBN:
Category : Business & Economics
Languages : en
Pages : 228

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Book Description
These authors draw on nearly 50 years of combined teaching and consulting experience to give readers a straightforward yet systematic approach for making estimates about the likelihood and consequences of future events -- and then using those assessments to arrive at sound decisions. The book's real-world cases, supplemented with expository text and spreadsheets, help readers master such techniques as decision trees and simulation, such concepts as probability, the value of information, and strategic gaming; and such applications as inventory stocking problems, bidding situations, and negotiating.

Author: Charles E. Yoe
Publisher:
ISBN: 9780367075187
Category : Decision making
Languages : en
Pages : 0

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Book Description
The basics -- Uncertainty -- Risk management -- Risk assessment -- Risk communication -- Enterprise risk management -- Decision making under uncertainty