Managerial Decisions Under Uncertainty: An Introduction to the Analysis of Decision Making

How to improve decision–making skills in realistic situations and do it in a reasonably nonmathematical fashion. Develops practical techniques for deciding upon the best strategies in a variety of situations. Provides methods for reducing complex problems to easily–drawn decision diagrams (trees), supported by real–world examples. Includes detailed cases that employ the methods described in the text. Each chapter contains illustrative examples and exercises.