Decision making and forecasting
Subtitle: with emphasis on model building and policy analysis
By: Kneale T. Marshall, Robert M. Oliver.
Contributors: Oliver, Robert M.
Series: McGraw-Hill series in industrial engineering and management science
Publisher: McGraw-Hill
Published: 1995
Place of publication: New York
Language: eng
Number of pages: 407
Subjects: Decision making -- Mathematical models.; Operations research.
Description: This book discusses how to design the most important features of realistic decision problems into analytical models that reveal their structure and give insight. Emphasis is on model formulation using graphical techniques with influence diagrams and decision trees. Decision Making and Forecasting shows how forecasting must be integrated with decision making in a coherent manner and makes frequent use of the economic value of forecasts.
Notes: Includes bibliographical references (p. [394]-397) and indexes.