Risk Modeling for Determining Value and Decision Making
This book makes for some interesting reading and is notable for addressing important nontechnical issues related to modeling risk…it provides insight into the way in which some nontechnical people think, thus offering a potential for better communication with business-oriented clients.- Technometrics, May 2001This book is based on the original work of the author, who is a well-known specialist in the field of decision and risk analysis. …The narration of the issues of concern referring to making decisions is excellent and gives the proper atmosphere of a proper discussion to address decisions of large investments or important topics. …the overall practical experience of the author adds value… The book is important. It brings to the potential reader a challenging way of looking into the decision-making process by using direct approaches …The advantage of the book is that it addresses the decision -making process in a direct and simple manner, following patterns given by the author in the contributing-factor diagram… I f one is serious about using the knowledge of decision analysis in one's practical, everyday work, this book is worth the price…this book is worth reading and, to the extent possible, integrating in various tasks for solving decision problems facing a corporation or a person.-JASA, September 2001An instructor should consider this book for class use, because it gives a direct approach to the decision-making process, uncertainty, and risk estimation and how to interpret such knowledge in assessing and determining the values of potential alternatives, which are not always explicitly expressed by managers, stakeholders, or decision makers.-JASA, September 2001