Decisions With Multiple Objectives

Author : Ralph L. Keeney
Publisher : Cambridge University Press
ISBN 13 : 9780521438834
Total Pages : 596 pages
Book Rating : 4.37/5 ( download)

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Download or read book Decisions with Multiple Objectives written by Ralph L. Keeney and published by Cambridge University Press. This book was released on 1993-07 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.

Author : Ralph L. Keeney
Publisher : Cambridge University Press
ISBN 13 : 9780521441858
Total Pages : 588 pages
Book Rating : 4.54/5 ( download)

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Download or read book Decisions with Multiple Objectives written by Ralph L. Keeney and published by Cambridge University Press. This book was released on 1993-07-30 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the complex problems faced by decision makers involve multiple conflicting objectives. This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives. The theory is illustrated by many real concrete examples taken from a host of disciplinary settings. The standard approach in decision theory or decision analysis specifies a simplified single objective like monetary return to maximise. By generalising from the single objective case to the multiple objective case, this book considerably widens the range of applicability of decision analysis.

Author : Ralph L. KEENEY
Publisher : Harvard University Press
ISBN 13 : 0674039408
Total Pages : 433 pages
Book Rating : 4.07/5 ( download)

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Download or read book Value-Focused Thinking written by Ralph L. KEENEY and published by Harvard University Press. This book was released on 2009-06-30 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text argues that in decision-making a focus should be placed on the bottom-line objectives that give it its meaning. It states that through recognizing and articulating fundamental values, better decision opportunities can be identified, thereby creating better alternatives.

Author : Ernest Forman
Publisher : World Scientific
ISBN 13 : 9814493945
Total Pages : 420 pages
Book Rating : 4.49/5 ( download)

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Download or read book Decision By Objectives: How To Convince Others That You Are Right written by Ernest Forman and published by World Scientific. This book was released on 2001-12-10 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-making is a process of choosing from possible courses of action in order to attain goals and objectives. Nobel laureate Herbert Simon wrote that the whole process of managerial decision-making is synonymous with the practice of management. Decision-making is at the core of all managerial functions. Planning, for example, involves the following decisions: What should be done? When? How? Where? By whom? Other managerial functions, such as organizing, implementing, and controlling, rely heavily on decision-making.Decision by Objectives is an invaluable book about the art and science of decision-making. It presents a very practical approach to decision-making that has a sound theoretical foundation, known as the analytic hierarchy process. Intended for both the student and the professional, the book includes approaches to prioritizing, evaluating alternative courses of action, forecasting, and allocating resources. By focusing on objectives rather than alternatives alone, it shows the reader how to synthesize information from multiple sources, analyses, and perspectives. The methods presented have been gaining popularity throughout the world.

Author : Ralph L. Keeney
Publisher :
ISBN 13 :
Total Pages : 569 pages
Book Rating : 4.66/5 ( download)

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Download or read book Decisions with Multiple Objectives written by Ralph L. Keeney and published by . This book was released on 1993 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Ali E. Abbas
Publisher : Cambridge University Press
ISBN 13 : 1107161886
Total Pages : 787 pages
Book Rating : 4.87/5 ( download)

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Download or read book Improving Homeland Security Decisions written by Ali E. Abbas and published by Cambridge University Press. This book was released on 2017-11-02 with total page 787 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are we safer from terrorism today and is our homeland security money well spent? This book offers answers and more.

Author : Ralph R. Keeney
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.96/5 ( download)

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Download or read book Decisions with multiple objectives written by Ralph R. Keeney and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Diederik M. Zhou
Publisher : Springer Nature
ISBN 13 : 3031015762
Total Pages : 111 pages
Book Rating : 4.62/5 ( download)

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Download or read book Multi-Objective Decision Making written by Diederik M. Zhou and published by Springer Nature. This book was released on 2022-05-31 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many real-world decision problems have multiple objectives. For example, when choosing a medical treatment plan, we want to maximize the efficacy of the treatment, but also minimize the side effects. These objectives typically conflict, e.g., we can often increase the efficacy of the treatment, but at the cost of more severe side effects. In this book, we outline how to deal with multiple objectives in decision-theoretic planning and reinforcement learning algorithms. To illustrate this, we employ the popular problem classes of multi-objective Markov decision processes (MOMDPs) and multi-objective coordination graphs (MO-CoGs). First, we discuss different use cases for multi-objective decision making, and why they often necessitate explicitly multi-objective algorithms. We advocate a utility-based approach to multi-objective decision making, i.e., that what constitutes an optimal solution to a multi-objective decision problem should be derived from the available information about user utility. We show how different assumptions about user utility and what types of policies are allowed lead to different solution concepts, which we outline in a taxonomy of multi-objective decision problems. Second, we show how to create new methods for multi-objective decision making using existing single-objective methods as a basis. Focusing on planning, we describe two ways to creating multi-objective algorithms: in the inner loop approach, the inner workings of a single-objective method are adapted to work with multi-objective solution concepts; in the outer loop approach, a wrapper is created around a single-objective method that solves the multi-objective problem as a series of single-objective problems. After discussing the creation of such methods for the planning setting, we discuss how these approaches apply to the learning setting. Next, we discuss three promising application domains for multi-objective decision making algorithms: energy, health, and infrastructure and transportation. Finally, we conclude by outlining important open problems and promising future directions.

Author : Alireza Alinezhad
Publisher : Springer Nature
ISBN 13 : 3030150097
Total Pages : 233 pages
Book Rating : 4.99/5 ( download)

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Download or read book New Methods and Applications in Multiple Attribute Decision Making (MADM) written by Alireza Alinezhad and published by Springer Nature. This book was released on 2019-08-23 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents 27 methods of the Multiple Attribute Decision Making (MADM), which are not discussed in the existing books, nor studied in details, using more applications. Nowadays, decision making is one of the most important and fundamental tasks of management as an organizational goal achievement that depends on its quality. Decision making includes the correct expression of objectives, determining different and possible solutions, evaluating their feasibility, assessing the consequences, and the results of implementing each solution, and finally, selecting and implementing the solution. Multiple Criteria Decision Making (MCDM) is sum of the decision making techniques. MCDM is divided into the Multiple Objective Decision Making (MODM) for designing the best solution and MADM for selecting the best alternative. Given that the applications of MADM are mostly more than MODM, wide various techniques have been developed for MADM by researchers over the last 60 years, and the current book introduces some of the other new MADM methods.

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309464447
Total Pages : 337 pages
Book Rating : 4.44/5 ( download)

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Download or read book A Decision Framework for Managing the Spirit Lake and Toutle River System at Mount St. Helens written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-04-29 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1980 eruption of Mount St. Helens in southwest Washington State radically changed the physical and socio-economic landscapes of the region. The eruption destroyed the summit of the volcano, sending large amounts of debris into the North Fork Toutle River, and blocking the sole means of drainage from Spirit Lake 4 miles north of Mount St. Helens. As a result of the blockage, rising lake levels could cause failure of the debris blockage, putting the downstream population of approximately 50,000 at risk of catastrophic flooding and mud flows. Further, continued transport of sediment to the river from volcanic debris deposits surrounding the mountain reduces the flood carrying capacity of downstream river channels and leaves the population vulnerable to chronic flooding. The legacy of the 1980 eruption and the prospect of future volcanic, seismic, and flood events mean that risk management in the Spirit Lake Toutle River system will be challenging for decades to come. This report offers a decision framework to support the long-term management of risks related to the Spirit Lake and Toutle River system in light of the different regional economic, cultural, and social priorities, and the respective roles of federal, tribal, state, and local authorities, as well as other entities and groups in the region. It also considers the history and adequacy of characterization, monitoring, and management associated with the Spirit Lake debris blockage and outflow tunnel, other efforts to control transport of water and sediment from the 1980 and later eruptions, and suggests additional information needed to support implementation of the recommended decision framework.