Decision Making and Forecasting

This unique text provides a systematic review of decision-making under uncertainty and regards forecasting as an integral component to the decision-making process. The book covers both decision trees and influence diagrams and shows how they relate to each other and how emphasis is placed on the value of information and the assessment of probabilities. Targeted at both upper-level operations research courses and at practitioners. This text is packaged with an accessible, useful decision tree analysis program.