
Decisions with Multiple Objectives
Preferences and Value Trade-Offs
Cambridge University Press
Published on 1. July 1993
Book
Paperback/Softback
592 pages
978-0-521-43883-4 (ISBN)
Description
Many of the complex problems faced by decision makers involve multiple conflicting objectives. This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives. The theory is illustrated by many real concrete examples taken from a host of disciplinary settings. The standard approach in decision theory or decision analysis specifies a simplified single objective like monetary return to maximise. By generalising from the single objective case to the multiple objective case, this book considerably widens the range of applicability of decision analysis.
Reviews / Votes
'This book is a welcome and unquestionably significant contribution to the practice of decision analysis as well as to the research and teaching of its theory and application.' IEEE Transactions on Systems, Man and Cybernetics 'A highly recommended selection by two distinguished leaders in the field ...' Journal of the American Statistical Association 'What the authors have done is, I believe, precisely what they set out to do, and they do it very well indeed. Their primary goal was to redress the neglect of the general problem of utility assessment in complex decision situations that are formulated in the (subjective) expected utility or decision analysis mode, and to illustrate the usefulness of their approach across a broad spectrum of important decision problems. The mathematical developments that are included are there because they can be used to help people think about their preferences in complex situations and to assess their utility functions - if it comes to that - and not because they are pretty mathematics. The broad experience that Keeney and Raiffa have in applying the procedures they present in Decisions adds significantly both to the value of the book and to the conviction behind it.' ChoiceMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Illustrations
14 Halftones, unspecified
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 35 mm
Weight
949 gr
ISBN-13
978-0-521-43883-4 (9780521438834)
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Schweitzer Classification
Other editions
Additional editions

Book
07/1993
Cambridge University Press
€49.52
Article exhausted; check for reprint
Previous edition

Book
07/1993
Cambridge University Press
€49.52
Article exhausted; check for reprint
Persons
Author
University of Southern California
Harvard University, Massachusetts
Content
Preface to the Cambridge University Press edition; Preface to first edition; 1. The problem; 2. The structuring of objectives; 3. Tradeoffs under certainty; 4. Unidimensional utility theory; 5. Multiattribute preferences under uncertainty: the two-attribute case; 6. Multiattribute preferences under uncertainty: more than two attributes; 7. Illustrative applications; 8. Airport development for Mexico City: a case study; 9. Preferences over time; 10. Aggregation of individual preferences; Bibliography; Index.