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This textbook is about three key aspects of system design: decision making under uncertainty, trade-off studies and formal risk analyses. Recognizing that the mathematical treatment of these topics is similar, the authors generalize existing mathematical techniques to cover all three areas. Common to these topics are importance weights, combining functions, scoring functions, quantitative metrics, prioritization and sensitivity analyses. Furthermore, human decision-making activities and problems use these same tools. Therefore, these problems are also treated uniformly and modeled using prospect theory. Aimed at both engineering and business practitioners and students interested in systems engineering, risk analysis, operational management, and business process modeling, Tradeoff Decisions in System Design explains how humans can overcome cognitive biases and avoid mental errors when conducting trade-off studies and risk analyses in a wide range of domains. With generous use of examples as a common thread across chapters this book.
Business.
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Operations research.
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Decision making.
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Control engineering.
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Industrial engineering.
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Production engineering.
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Business and Management.
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Operation Research/Decision Theory.
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Industrial and Production Engineering.
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Control.
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Manufacturing engineering
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Process engineering
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Management engineering
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Simplification in industry
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Control engineering
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Control equipment
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Deciding
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Decision (Psychology)
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Decision analysis
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Decision processes
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Making decisions
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Management
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Management decisions
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Operational analysis
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Operational research
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Trade
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Decision making
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Operations Research/Decision Theory.
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Control and Systems Theory.
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Engineering
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Value analysis (Cost control)
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Industrial engineering
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Management science
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Research
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System theory
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Automatic control.
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Decison making.
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Control theory
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Engineering instruments
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Automation
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Programmable controllers
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Mechanical engineering
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Choice (Psychology)
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Problem solving
Choose an application
This textbook is about three key aspects of system design: decision making under uncertainty, trade-off studies and formal risk analyses. Recognizing that the mathematical treatment of these topics is similar, the authors generalize existing mathematical techniques to cover all three areas. Common to these topics are importance weights, combining functions, scoring functions, quantitative metrics, prioritization and sensitivity analyses. Furthermore, human decision-making activities and problems use these same tools. Therefore, these problems are also treated uniformly and modeled using prospect theory. Aimed at both engineering and business practitioners and students interested in systems engineering, risk analysis, operational management, and business process modeling, Tradeoff Decisions in System Design explains how humans can overcome cognitive biases and avoid mental errors when conducting trade-off studies and risk analyses in a wide range of domains. With generous use of examples as a common thread across chapters this book.
Methodology of economics
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Operational research. Game theory
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Mathematical statistics
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Electrical engineering
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Engineering sciences. Technology
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Planning (firm)
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Business management
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Business economics
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financieel management
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automatisering
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mathematische modellen
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speltheorie
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econometrie
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operationeel onderzoek
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ingenieurswetenschappen
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