Ebook: Essays In Decision Making: A Volume in Honour of Stanley Zionts

The pioneering study by Bowman [1980) reawakened interest in risk and return relations in the strategic management literature. We do not examine this literature here because we have elsewhere reviewed it in detail 1 and because, for the most part, these studies have been confined to ex post data. Discussions of the strategies which subjects used to direct their ex ante evaluations of risks and returns have either been omitted or else have been only indirectly inferred from ex post data. In addition, with few exceptions, this literature does not attempt to ascertain the meanings that might have been assigned by subjects to terms like "risk" and/or the "returns" with which they have been concerned. Even fewer of these studies have attempted to ascertain how the subjects implemented their definitions en of prospective strategies. Thus, tius literature may route to arriving at evaluations best be regarded as bearing only indirect relations to the present study which is concerned not only with the meanings assigned to terms like "risk" and "return" but also with how these terms are used in arriving at risk and return evaluations of proposed strategies as well as how they are measured and used, on an ex ante basis en route to seeing how these evaluations match with ex post performance. In a sense, one part of this study--i. e.

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This volume contains over twenty original contributions, written by leading authorities in their field, dealing with decision models for supporting individuals facing situations encompassing multiple criteria and related problems. The book presents interactive methods for solving multiple criteria decision problems, the formation of preferences and applications of novel decision tools to real-world problems. The book is a Festschrift in honour of Stanley Zionts. Professor Zionts is one of the leaders in the field of Multiple Criteria Decision Making (MCDM). He is founder and the first President of the International Society of MCDM.

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This volume contains over twenty original contributions, written by leading authorities in their field, dealing with decision models for supporting individuals facing situations encompassing multiple criteria and related problems. The book presents interactive methods for solving multiple criteria decision problems, the formation of preferences and applications of novel decision tools to real-world problems. The book is a Festschrift in honour of Stanley Zionts. Professor Zionts is one of the leaders in the field of Multiple Criteria Decision Making (MCDM). He is founder and the first President of the International Society of MCDM.
Content:
Front Matter....Pages I-VII
Quot homines, tot sententiae....Pages 1-4
Front Matter....Pages 5-5
Convergence and Validation of Interactive Methods in MCDM: Simulation Studies....Pages 7-18
Convergence of Interactive Procedures of Multiobjective Optimization and Decision Support....Pages 19-47
A Hybrid Interactive Technique For The MCDM Problems....Pages 48-59
A Comparison of Aspiration Level Interactive Method (AIM) and Conjoint Analysis in Multiple Criteria Decision Making....Pages 60-73
Reference Direction Approach to Multiple Objective Linear Programming: Historical Overview....Pages 74-92
Implementing the Tchebycheff Method in a Spreadsheet....Pages 93-103
Front Matter....Pages 105-105
From Maximization to Optimization: MCDM and the Eight Models of Optimality....Pages 107-119
A General Model of Preference Aggregation....Pages 120-134
Issues In Supporting Intertemporal Choice....Pages 135-156
Cancellation Conditions for Multiattribute Preferences on Finite Sets....Pages 157-167
Measurement of Differences in Preferences Expressed by a Simple Additive Rule....Pages 168-184
A Foundation of Principles for Expanding Habitual Domains....Pages 185-200
Exploration of Multi-objective Problems in Artificial Intelligence....Pages 201-211
Front Matter....Pages 213-213
Design Decomposition in Quality Function Deployment....Pages 215-236
A Study Of Evaluations Of Mutual Fund Investment Strategies....Pages 237-274
A Multi-Dimensional Framework for Portfolio Management....Pages 275-293
MCDM and Sustainable Development: The Case of Water Resources Planning in India....Pages 294-312
Role of BATNA and Pareto Optimality in Dyadic Multiple Issue Negotiations....Pages 313-330
Multiple Criteria Scheduling on a Single Machine: A Review and a General Approach....Pages 331-341
Front Matter....Pages 213-213
Multiobjective Covering and Routing Problems....Pages 342-369
An Evaluation of Our National Policy to Manage Nuclear Waste from Power Plants....Pages 371-390
Fifteen Years of Work with a Guru: A Lifetime or Just the Beginning....Pages 393-406

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This volume contains over twenty original contributions, written by leading authorities in their field, dealing with decision models for supporting individuals facing situations encompassing multiple criteria and related problems. The book presents interactive methods for solving multiple criteria decision problems, the formation of preferences and applications of novel decision tools to real-world problems. The book is a Festschrift in honour of Stanley Zionts. Professor Zionts is one of the leaders in the field of Multiple Criteria Decision Making (MCDM). He is founder and the first President of the International Society of MCDM.
Content:
Front Matter....Pages I-VII
Quot homines, tot sententiae....Pages 1-4
Front Matter....Pages 5-5
Convergence and Validation of Interactive Methods in MCDM: Simulation Studies....Pages 7-18
Convergence of Interactive Procedures of Multiobjective Optimization and Decision Support....Pages 19-47
A Hybrid Interactive Technique For The MCDM Problems....Pages 48-59
A Comparison of Aspiration Level Interactive Method (AIM) and Conjoint Analysis in Multiple Criteria Decision Making....Pages 60-73
Reference Direction Approach to Multiple Objective Linear Programming: Historical Overview....Pages 74-92
Implementing the Tchebycheff Method in a Spreadsheet....Pages 93-103
Front Matter....Pages 105-105
From Maximization to Optimization: MCDM and the Eight Models of Optimality....Pages 107-119
A General Model of Preference Aggregation....Pages 120-134
Issues In Supporting Intertemporal Choice....Pages 135-156
Cancellation Conditions for Multiattribute Preferences on Finite Sets....Pages 157-167
Measurement of Differences in Preferences Expressed by a Simple Additive Rule....Pages 168-184
A Foundation of Principles for Expanding Habitual Domains....Pages 185-200
Exploration of Multi-objective Problems in Artificial Intelligence....Pages 201-211
Front Matter....Pages 213-213
Design Decomposition in Quality Function Deployment....Pages 215-236
A Study Of Evaluations Of Mutual Fund Investment Strategies....Pages 237-274
A Multi-Dimensional Framework for Portfolio Management....Pages 275-293
MCDM and Sustainable Development: The Case of Water Resources Planning in India....Pages 294-312
Role of BATNA and Pareto Optimality in Dyadic Multiple Issue Negotiations....Pages 313-330
Multiple Criteria Scheduling on a Single Machine: A Review and a General Approach....Pages 331-341
Front Matter....Pages 213-213
Multiobjective Covering and Routing Problems....Pages 342-369
An Evaluation of Our National Policy to Manage Nuclear Waste from Power Plants....Pages 371-390
Fifteen Years of Work with a Guru: A Lifetime or Just the Beginning....Pages 393-406
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