Engineering Decision Making and Risk Management
IIE/Joint Publishers Book of the Year Award 2016!
Awarded for €˜an outstanding published book that focuses on a facet of industrial engineering, improves education, or furthers the profession€.
Engineering Decision Making and Risk Management emphasizes practical issues and examples of decision making with applications in engineering design and management
Featuring a blend of theoretical and analytical aspects, this book presents multiple perspectives on decision making to better understand and improve risk management processes and decision-making systems.
Engineering Decision Making and Risk Management uniquely presents and discusses three perspectives on decision making: problem solving, the decision-making process, and decision-making systems. The author highlights formal techniques for group decision making and game theory and includes numerical examples to compare and contrast different quantitative techniques. The importance of initially selecting the most appropriate decision-making process is emphasized through practical examples and applications that illustrate a variety of useful processes. Presenting an approach for modeling and improving decision-making systems, Engineering Decision Making and Risk Management also features: