Strategic and Tactical Decisions

Business & Finance, Management & Leadership, Operations Research, Nonfiction, Health & Well Being, Psychology
Cover of the book Strategic and Tactical Decisions by K.J. Radford, Springer New York
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: K.J. Radford ISBN: 9781461388159
Publisher: Springer New York Publication: December 6, 2012
Imprint: Springer Language: English
Author: K.J. Radford
ISBN: 9781461388159
Publisher: Springer New York
Publication: December 6, 2012
Imprint: Springer
Language: English

Much of the work that has been done in the last fifty years in the area of decision analysis has been concerned with situations in which formal mathematical models of the decision process can be used. For example, deterministic models of operations research have been used as a means of treating decisions under conditions of certainty. Statistical decision theory has been applied to decision making under conditions of uncertainty and risk. Some attempts have been made to treat decisions under conditions of competition by methods derived from game theory. However, many of the decisions that we meet today in business and in our daily lives do not fall conveniently into the areas covered by these models. Many modern decisions are ill-structured by nature. These decisions have been called ''wicked" in comparison to the "tame" decisions that yield to formal analyti­ cal treatment. Complex decision situations are found in every aspect of our lives today. They are normally centred around an issue, opportunity, venture or threat that involves an individual or an organization on the one hand and other participants on the other hand. The issue in such a situation might involve, for example, the proposed move of the Head Office of a corporation from one political jurisdiction to another. It might be concerned with the oppor­ tunities and new ventures that would arise with the introduction of a new and different type of product or service into an organization.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Much of the work that has been done in the last fifty years in the area of decision analysis has been concerned with situations in which formal mathematical models of the decision process can be used. For example, deterministic models of operations research have been used as a means of treating decisions under conditions of certainty. Statistical decision theory has been applied to decision making under conditions of uncertainty and risk. Some attempts have been made to treat decisions under conditions of competition by methods derived from game theory. However, many of the decisions that we meet today in business and in our daily lives do not fall conveniently into the areas covered by these models. Many modern decisions are ill-structured by nature. These decisions have been called ''wicked" in comparison to the "tame" decisions that yield to formal analyti­ cal treatment. Complex decision situations are found in every aspect of our lives today. They are normally centred around an issue, opportunity, venture or threat that involves an individual or an organization on the one hand and other participants on the other hand. The issue in such a situation might involve, for example, the proposed move of the Head Office of a corporation from one political jurisdiction to another. It might be concerned with the oppor­ tunities and new ventures that would arise with the introduction of a new and different type of product or service into an organization.

More books from Springer New York

Cover of the book Statics by K.J. Radford
Cover of the book Peritoneal Surgery by K.J. Radford
Cover of the book MicroRNA in Development and in the Progression of Cancer by K.J. Radford
Cover of the book National Intellectual Capital and the Financial Crisis in Bulgaria, Czech Republic, Hungary, Romania, and Poland by K.J. Radford
Cover of the book Towards Understanding the Climate of Venus by K.J. Radford
Cover of the book The Physics and Psychophysics of Music by K.J. Radford
Cover of the book Mobile Chinese Entrepreneurs by K.J. Radford
Cover of the book Nanotechnology Standards by K.J. Radford
Cover of the book Network Enterprises by K.J. Radford
Cover of the book Ecosystems, Evolution, and Ultraviolet Radiation by K.J. Radford
Cover of the book The Mathematical Structure of Classical and Relativistic Physics by K.J. Radford
Cover of the book Autophagy and Cancer by K.J. Radford
Cover of the book Security and Privacy in Mobile Social Networks by K.J. Radford
Cover of the book Polar Oceans from Space by K.J. Radford
Cover of the book Minimally Invasive Surgery in Orthopedics by K.J. Radford
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy