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Evaluation and Decision Models

Evaluation and Decision Models
Author: Denis Bouyssou
Publisher: Springer Science & Business Media
Total Pages: 278
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461515939

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1. 1 Motivations Deciding is a very complex and difficult task. Some people even argue that our ability to make decisions in complex situations is the main feature that distinguishes us from animals (it is also common to say that laughing is the main difference). Nevertheless, when the task is too complex or the interests at stake are too important, it quite often happens that we do not know or we are not sure what to decide and, in many instances, we resort to a decision support technique: an informal one-we toss a coin, we ask an oracle, we visit an astrologer, we consult an expert, we think-or a formal one. Although informal decision support techniques can be of interest, in this book, we will focus on formal ones. Among the latter, we find some well-known decision support techniques: cost-benefit analysis, multiple criteria decision analysis, decision trees, . . . But there are many other ones, sometimes not presented as decision support techniques, that help making decisions. Let us cite but a few examples. • When the director of a school must decide whether a given student will pass or fail, he usually asks each teacher to assess the merits of the student by means of a grade. The director then sums the grades and compares the result to a threshold. • When a bank must decide whether a given client will obtain a credit or not, a technique, called credit scoring, is often used.


Evaluation and Decision Models with Multiple Criteria

Evaluation and Decision Models with Multiple Criteria
Author: Denis Bouyssou
Publisher: Springer Science & Business Media
Total Pages: 460
Release: 2006-06-07
Genre: Business & Economics
ISBN: 0387310991

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Formal decision and evaluation models are so widespread that almost no one can pretend not to have used or suffered the consequences of one of them. This book is a guide aimed at helping the analyst to choose a model and use it consistently. A sound analysis of techniques is proposed and the presentation can be extended to most decision and evaluation models as a "decision aiding methodology".


Decision Modelling for Health Economic Evaluation

Decision Modelling for Health Economic Evaluation
Author: Andrew Briggs
Publisher: OUP Oxford
Total Pages: 269
Release: 2006-08-17
Genre: Medical
ISBN: 0191004952

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In financially constrained health systems across the world, increasing emphasis is being placed on the ability to demonstrate that health care interventions are not only effective, but also cost-effective. This book deals with decision modelling techniques that can be used to estimate the value for money of various interventions including medical devices, surgical procedures, diagnostic technologies, and pharmaceuticals. Particular emphasis is placed on the importance of the appropriate representation of uncertainty in the evaluative process and the implication this uncertainty has for decision making and the need for future research. This highly practical guide takes the reader through the key principles and approaches of modelling techniques. It begins with the basics of constructing different forms of the model, the population of the model with input parameter estimates, analysis of the results, and progression to the holistic view of models as a valuable tool for informing future research exercises. Case studies and exercises are supported with online templates and solutions. This book will help analysts understand the contribution of decision-analytic modelling to the evaluation of health care programmes. ABOUT THE SERIES: Economic evaluation of health interventions is a growing specialist field, and this series of practical handbooks will tackle, in-depth, topics superficially addressed in more general health economics books. Each volume will include illustrative material, case histories and worked examples to encourage the reader to apply the methods discussed, with supporting material provided online. This series is aimed at health economists in academia, the pharmaceutical industry and the health sector, those on advanced health economics courses, and health researchers in associated fields.


Evaluation and Decision Models

Evaluation and Decision Models
Author: Denis Bouyssou
Publisher:
Total Pages: 288
Release: 2000-11-01
Genre:
ISBN: 9781461515944

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Evaluation and Decision Models with Multiple Criteria

Evaluation and Decision Models with Multiple Criteria
Author: Raymond Bisdorff
Publisher: Springer
Total Pages: 648
Release: 2015-06-09
Genre: Business & Economics
ISBN: 3662468166

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This book showcases a large variety of multiple criteria decision applications (MCDAs), presenting them in a coherent framework provided by the methodology chapters and the comments accompanying each case study. The chapters describing MCDAs invite the reader to experiment with MCDA methods and perhaps develop new variants using data from these case studies or other cases they encounter, equipping them with a broader perception of real-world problems and how to overcome them with the help of MCDAs.


Evaluating and Applying Decision Models

Evaluating and Applying Decision Models
Author: Denis Bouyssou
Publisher: Springer
Total Pages: 0
Release: 2012-05-08
Genre: Business & Economics
ISBN: 9780387718880

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In the first volume of the set, Evaluation and Decision Models: A Critical Perspective, the purpose is to provide a critical thinking framework for all individuals utilizing decision and evaluation models, whether it be for research or applications. In the book, the authors criticized formal models while pointing out where these models can be useful. On the other hand, Evaluation and Decision Models with Multiple Criteria is a guide, a way of reasoning aimed at helping the analyst to choose a model and use it consistently. The authors propose, often using an axiomatic point of view, a sound analysis of techniques aimed at supporting the decision aiding process. The presentation is carried out within a unique framework that can be extended to most decision and evaluation models, as a "decision aiding methodology".


Models in Environmental Regulatory Decision Making

Models in Environmental Regulatory Decision Making
Author: National Research Council
Publisher: National Academies Press
Total Pages: 286
Release: 2007-08-25
Genre: Political Science
ISBN: 0309110009

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Many regulations issued by the U.S. Environmental Protection Agency (EPA) are based on the results of computer models. Models help EPA explain environmental phenomena in settings where direct observations are limited or unavailable, and anticipate the effects of agency policies on the environment, human health and the economy. Given the critical role played by models, the EPA asked the National Research Council to assess scientific issues related to the agency's selection and use of models in its decisions. The book recommends a series of guidelines and principles for improving agency models and decision-making processes. The centerpiece of the book's recommended vision is a life-cycle approach to model evaluation which includes peer review, corroboration of results, and other activities. This will enhance the agency's ability to respond to requirements from a 2001 law on information quality and improve policy development and implementation.


Hierarchical Decision Modeling

Hierarchical Decision Modeling
Author: Tugrul U. Daim
Publisher: Springer
Total Pages: 342
Release: 2015-07-25
Genre: Business & Economics
ISBN: 3319185586

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This volume, developed in honor of Dr. Dundar F. Kocaoglu, aims to demonstrate the applications of the Hierarchical Decision Model (HDM) in different sectors and its capacity in decision analysis. It is comprised of essays from noted scholars, academics and researchers of engineering and technology management around the world. This book is organized into five parts: Technology Policy Planning, Strategic Technology Planning, Technology Assessment, Application Extensions, and Methodology Extensions. Dr. Dundar F. Kocaoglu is one of the pioneers of multiple decision models using hierarchies, and creator of the HDM in decision analysis. HDM is a mission-oriented method for evaluation and/or selection among alternatives. A wide range of alternatives can be considered, including but not limited to, different technologies, projects, markets, jobs, products, cities to live in, houses to buy, apartments to rent, and schools to attend. Dr. Kocaoglu’s approach has been adopted for decision problems in many industrial sectors, including electronics research and development, education, government planning, agriculture, energy, technology transfer, semiconductor manufacturing, and has influenced policy locally, nationally, and internationally. Moreover, his students developed advanced tools and software applications to further improve and enhance the robustness of the HDM approach. Dr. Kocaoglu has made many contributions to the field of Engineering and Technology Management. During his tenure at Portland State University, he founded the Engineering and Technology Management program, where he served as Program Director and later, Department Chair. He also started the Portland International Conference on Management of Engineering and Technology (PICMET), which organizes an annual conference in international locations such as Korea, Turkey, South Africa, Thailand, and Japan. His teaching has won awards and resulted in a strong sense of student loyalty among his students even decades later. Through his academic work and research, Dr. Kocaoglu has strongly supported researchers of engineering management and has provided tremendous service to the field. This volume recognizes and celebrates Dr. Kocaoglu’s profound contributions to the field, and will serve as a resource for generations of researchers, practitioners and students.


Decision Models in Engineering and Management

Decision Models in Engineering and Management
Author: Patricia Guarnieri
Publisher: Springer
Total Pages: 322
Release: 2015-01-05
Genre: Technology & Engineering
ISBN: 3319119494

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Providing a comprehensive overview of various methods and applications in decision engineering, this book presents chapters written by a range experts in the field. It presents conceptual aspects of decision support applications in various areas including finance, vendor selection, construction, process management, water management and energy, agribusiness , production scheduling and control, and waste management. In addition to this, a special focus is given to methods of multi-criteria decision analysis. Decision making in organizations is a recurrent theme and is essential for business continuity. Managers from various fields including public, private, industrial, trading or service sectors are required to make decisions. Consequently managers need the support of these structured methods in order to engage in effective decision making. This book provides a valuable resource for graduate students, professors and researchers of decision analysis, multi-criteria decision analysis and group decision analysis. It is also intended for production engineers, civil engineers and engineering consultants.