Topic
Decision analysis
About: Decision analysis is a research topic. Over the lifetime, 14916 publications have been published within this topic receiving 497922 citations. The topic is also known as: Decision aids.
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Book•
31 Oct 2001
TL;DR: This book is not only a theoretical document, but also provides good coverage of practical issues and can be recommended to a broad audience, ranging from those in academic institutions to practitioners, as well as those who are interested in finding information on multiple criteria approaches, methods and techniques.
Abstract: The field of multiple criteria decision analysis (MCDA) - also sometimes termed multiple criteria decision aid, or multiple criteria decision making (MCDM) - has developed rapidly over the past quarter century and in the process a number of divergent schools of thought have emerged. Multiple Criteria Decision Analysis: An Integrated Approach provides a comprehensive yet widely accessible overview of the main streams of thought within MCDA. Two principal aims are: To provide sufficient awareness of the underlying philosophies and theories, understanding of the practical detail of the methods, and insight into practice to enable researchers, students and industry practitioners to implement MCDA methods in an informed manner; To develop an integrated view of MCDA, incorporating both integration of different schools of thought within MCDA and integration of MCDA with broader management theory, science and practice, thereby informing the development of theory and practice across these areas. It is felt that this two-fold emphasis gives a book which will be of value to the following three groups: Practicing decision analysts or graduate students in MCDA for whom this book should serve as a state-of-the-art review, especially as regards techniques outside of their own specialization; Operational researchers or graduate students in OR/MS who wish to extend their knowledge into the tools of MCDA; Managers or management students who need to understand what MCDA can offer them. Review: The book...is an excellent overview of the different multiple criteria approaches developed in divergent schools of thought which emerged in the last three decades. This book is not only a theoretical document, but also provides good coverage of practical issues. It can be recommended to a broad audience, ranging from those in academic institutions to practitioners, as well as those who are interested in finding information on multiple criteria approaches, methods and techniques. It is an excellent book in the main area of Operations Research and Decision Analysis, with a special focus on Multiple Criteria and is suitable for undergraduate and graduate students.' JosA(c) R. Figueira, DIMACS Center, Rutgers University.
2,905 citations
Book•
01 Jan 1986
TL;DR: In this article, the authors present an integrative presentation of the principles of decision analysis in a behavioral context, including sensitivity analysis, value-utility distinction, multistage inference, attitudes toward risk, and attempt to make intuitive sense out of what have been treated in the literature as endemic biases and other errors of human judgement.
Abstract: Decision analysis is a technology designed to help individuals and organizations make wise inferences and decisions. It synthesises ideas from economics, statistics, psychology, operations research, and other disciplines. A great deal of behavioural research is relevant to decision analysis; behavioural scientists have both suggested easy and natural ways to describe and quantify problems and shown the kind of errors to which unaided intuitive judgements can lead. This long-awaited book offers the4first integrative presentation of the principles of decision analysis in a behavioural context. The authors break new ground on a variety of technical topics (sensitivity analysis, the value-utility distinction, multistage inference, attitudes toward risk), and attempt to make intuitive sense out of what have been treated in the literature as endemic biases and other errors of human judgement. Those interested in artificial intelligence will find it the easiest presentation of hierarchical Bayesian inference available.
2,616 citations
TL;DR: A model of how to do shared decision making that is based on choice, option and decision talk is proposed that is practical, easy to remember, and can act as a guide to skill development.
Abstract: The principles of shared decision making are well documented but there is a lack of guidance about how to accomplish the approach in routine clinical practice. Our aim here is to translate existing conceptual descriptions into a three-step model that is practical, easy to remember, and can act as a guide to skill development. Achieving shared decision making depends on building a good relationship in the clinical encounter so that information is shared and patients are supported to deliberate and express their preferences and views during the decision making process. To accomplish these tasks, we propose a model of how to do shared decision making that is based on choice, option and decision talk. The model has three steps: a) introducing choice, b) describing options, often by integrating the use of patient decision support, and c) helping patients explore preferences and make decisions. This model rests on supporting a process of deliberation, and on understanding that decisions should be influenced by exploring and respecting “what matters most” to patients as individuals, and that this exploration in turn depends on them developing informed preferences.
2,596 citations
Posted Content•
TL;DR: In this article, 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.
Abstract: 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.
2,401 citations
Book•
05 Apr 1999
TL;DR: This book discusses Geographical Data, Information, and Decision Making, and Multicriteria Decision Analysis, as well as Spatial Decision Support Systems, which addresses the role of spatial data and information in decision making.
Abstract: PRELIMINARIES. Geographical Data, Information, and Decision Making. Introduction to GIS. Introduction to Multicriteria Decision Analysis. SPATIAL MULTICRITERIA DECISION ANALYSIS. Evaluation Criteria. Decision Alternatives and Constraints. Criterion Weighing. Decision Rules. Sensitivity Analysis. MULTICRITERIA-SPATIAL DECISION SUPPORT SYSTEMS. Spatial Decision Support Systems. MC-SDSS: Case Studies. Glossary. Selected Bibliography. Indexes.
2,342 citations