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Title: Making Hard Decisions with DecisionTools Suite by Robert T. Clemen, Terry Reilly, Terence Reilly ISBN: 0-534-36597-3 Publisher: Duxbury Press Pub. Date: 23 June, 2000 Format: Hardcover Volumes: 1 List Price(USD): $110.95 |
Average Customer Rating: 4.4 (5 reviews)
Rating: 3
Summary: Panning the Decison Tools Suite
Comment: Dr Clemen has provided an excellent text for Decision Analysis nstruction. I have continuously surveyed the field and have yet to find a text that comes up to the standard that Dr Clemen originally set with his first publication "Making Hard Decisions"
I have used "Making Hard Decisions with Decision Tools Suite" as well as the predecessor text "Making Hard Decisions."
The "Making Hard Decisions with Decision Tools Suite." text dedicates almost as many pages on how to use the accompanying software as it does to decision making itself. And the software, based on my use of it for two different teaching sessions, is, at best, flakey. Learning to use the software (there are several different modules) requires a great deal of time and energy, and because the software is unstable, getting a good result from it is a rarity rather than a reward.
The "Making Hard Decisions" text, on the other hand, provides more and better material for the decison analysis process. It does incur the added expense of having to use software from another source.
My plan for this coming semester is to use the "Making Hard Decisions" text and decision analysis software provided by another source.
I think Dr Clemen should focus his energies on the "Making Hard Decisons" text, and let the "Making Hard Decisons with Decision Tools" text be a low priority effort until the accompanying software matures a bit.
Richard D Hofler
Rating: 5
Summary: Hard Decisions Basics
Comment: Used this book in a "Making Decisions under Uncertainty" graduate class at the Business School of the University of São Paulo. This book brings all the basics for decision making theory, specifically quantitative aspects of it and comes along with the Decision Tools software that has some bugs but works ok. Using the book together with the software you will get a very good basic idea of what decision making is all about. If decision theory is important for your studies buy this book!!! I also recommend Max Bazerman's "Judgment in managerial decision making" as a complement to it because this one focuses more on the subjective piece of decision making (decision biases, uncertainty, etc, etc) which is not really covered well by Clemen & Reilly. With both, you have a very good toolset for starting to study Decision Making Theory.
Rating: 4
Summary: Book is OK. Spend extra $20 if you buy used book.
Comment: There is a software with the book, which has to be used for working on the problems.(The book has no use without the software).
You can register the software only once.
If you buy a used book, you have to pay another $20 to get a new serial # to use the software.
My seller mburns1000 didn't mention about this when I bought the book and I ended up spending another $20.
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Title: Introduction to Decision Analysis (2nd Edition) by David C. Skinner ISBN: 0964793830 Publisher: Probabilistic Publishing Pub. Date: 01 June, 1999 List Price(USD): $34.95 |
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Title: Engineering Economy by William G. Sullivan, Elin M. Wicks, James Luxhoj ISBN: 0130673382 Publisher: Prentice Hall Pub. Date: 15 July, 2002 List Price(USD): $117.00 |
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Title: Multinational Financial Management by Alan C. Shapiro ISBN: 0471395307 Publisher: Wiley Text Books Pub. Date: 10 May, 2002 List Price(USD): $110.95 |
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Title: Games of Strategy by Avinash K. Dixit, Susan Skeath ISBN: 0393974219 Publisher: W.W. Norton & Company Pub. Date: July, 1999 List Price(USD): $93.75 |
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Title: Financial and Cost Analysis : For Engineering and Technology Management by Henry E. Riggs ISBN: 0471574155 Publisher: Interscience Pub. Date: August, 1994 List Price(USD): $140.00 |
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