Peter Gerald Moore

Managers have always needed flair and business acumen; today, constantly faced with massively complex problems to solve, they also need to master a simple but powerful set of mathematical decision-making tools. This well-known book, as suitable for students as for practising managers, provides a clear and concise survey of the techniques involved: probability assessments, utility functions, decision trees and many more. Case histories drawn from real life show how large, messy problems can often be boiled down to their essentials and restated in a far more straightforward way. A manager who does this will be able to delegate more work to subordinates, eliminate many impractical courses of action and reduce uncertainty to a minimum, ensuring that managers can make the very best use of their valuable time. The second edition has been updated with much new material on the uses made of decision analyses, contemporary references to other books and journals, and some fresh exercises.… (more)