Value-Added Decision Making for Managers

Developed from the authors’ longstanding course on decision and risk analysis, this text explores the important interaction between decisions and management action and clarifies the barriers to rational decision making. The authors analyze strengths and weaknesses of the best alternatives, enabling decision makers to improve on these alternatives by adding value and reducing risk. They also discuss bias, negotiations, project/risk management, and ethical dilemmas. Numerous examples highlight real-world situations from everyday life, public policy, and industry. Software tutorials and other material are available on the book’s website.