Download e-book for iPad: Portfolio Decision Analysis: Improved Methods for Resource by Ahti Salo, Jeffrey Keisler, Alec Morton

By Ahti Salo, Jeffrey Keisler, Alec Morton

ISBN-10: 1441999426

ISBN-13: 9781441999429

Winner of the 2013 choice research e-book Award

Portfolio determination research: more suitable tools for source Allocation presents an intensive, updated insurance of selection analytic tools which aid agencies and public businesses allocate assets to 'lumpy' funding possibilities whereas explicitly spotting appropriate monetary and non-financial review standards and the presence of different funding possibilities. specifically, it discusses the evolution of those equipment, offers new methodological advances and illustrates their use throughout numerous program domains.

The e-book deals a many-faceted remedy of portfolio choice research (PDA). between different issues, it (i) synthesizes the state-of-play in PDA, (ii) describes novel methodologies, (iii) fosters the deployment of those methodologies, and (iv) contributes to the strengthening of study on PDA. Portfolio difficulties are greatly considered as the only most crucial software context of determination research, and, with its vast and specified assurance of those difficulties, this ebook is a much-needed addition to the literature. The publication additionally provides leading edge remedies of recent methodological ways and their makes use of in applications.

The meant viewers contains practitioners and researchers who desire to achieve a superb realizing of portfolio determination research and insights into how PDA tools will be leveraged in numerous software contexts. The booklet is additionally hired in classes on the post-graduate level.

"Resource allocation difficulties are ubiquitous in enterprise and executive organisations. acknowledged easily, we often have extra stable principles for tasks and courses than cash, skill, or time to pursue them. those initiatives and courses require major preliminary investments within the current, with the anticipation of destiny advantages. This necessitates balancing the promised go back on funding opposed to the chance that the advantages don't materialize. An further difficulty is that businesses usually have advanced and poorly articulated pursuits and shortage a constant method for picking how good replacement investments degree up opposed to these objectives.

I am happy to work out that [the editors] have succeeded in attracting a various selection of contributions from a individual set of authors. The editors do a superb activity of offering an outline of those contributions of their introductory bankruptcy. I easily finish by way of encouraging you to absorb the place those authors go away off, both via furthering the improvement of latest thought and techniques, or through placing those theories and strategies to the attempt in genuine agencies suffering to make the simplest use of scarce resources."

Don N. Kleinmuntz, Strata selection expertise, LLC

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Download e-book for iPad: Portfolio Decision Analysis: Improved Methods for Resource by Ahti Salo, Jeffrey Keisler, Alec Morton

Winner of the 2013 choice research ebook AwardPortfolio selection research: superior equipment for source Allocation offers an in depth, up to date insurance of selection analytic tools which support enterprises and public businesses allocate assets to 'lumpy' funding possibilities whereas explicitly spotting appropriate monetary and non-financial review standards and the presence of other funding possibilities.

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Extra info for Portfolio Decision Analysis: Improved Methods for Resource Allocation

Sample text

Oper Res 37(5):689–699 Pennypacker J, Retna S (eds) (2009) Project portfolio management: a view from the trenches. Wiley, New York Phillips LD (1984) A theory of requisite decision models. Acta Psychol 56(1–3):29–48 Phillips LD, Bana e Costa CA (2007) Transparent prioritisation, budgeting and resource allocation with multi-criteria decision analysis and decision conferencing. Ann Oper Res 154(1):51–68 Phillips LD, Phillips MC (1993) Facilitated work groups: theory and practice. J Oper Res Soc 44(3):533–549 Pratt JW, Raiffa H, Schlaifer R (1965) Introduction to statistical decision theory.

G. Spetzler 2007). Furthermore, skills that pertain to modeling – such as the choice of functional representation or the specification of model parameters – are crucial, too, because even seemingly innocuous modeling assumptions (such as the choice of baselines; Clemen and Smith 2009) may have repercussions on recommendations. As a result, those in charge of PDA processes need to master a broad range of skills, including social skills that help organizations articulate their objectives and technical skills that are needed to make well-founded choices among alternative approaches.

Int J Manage Rev 1(2):197–224 Henderson BD (1970) Perspectives on the product portfolio. Boston Consulting Group, Boston Henriksen A, Traynor A (1999) A practical R&D project-selection scoring tool. IEEE Trans Eng Manage 46(2):158–170 Howard RA (1966) Decision analysis: applied decision theory. Proceedings of the Fourth International Conference on Operational Research, Wiley-Interscience, New York, pp 55–71 Howard RA (1968) The foundations of decision analysis. IEEE Trans Syst Man Cybern SSC4:211–219 Howard RA (1988) Decision analysis: practice and promise.

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Portfolio Decision Analysis: Improved Methods for Resource Allocation by Ahti Salo, Jeffrey Keisler, Alec Morton


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