000			03286nam a22002177a 4500
005			20241116154715.0
008			241116b |||||||| |||| 00| 0 eng d
020			_a9783110765649
082			_a658.403 _bHAV
100			_aHavranek, Timothy _918681
245			_aMulticriteria decision making: _bsystems modeling, risk assessment, and financial analysis for technical projects
260			_bDe Gruyter _aBoston _c2023
300			_axvi, 222 p.
365			_aEURO _b89.95
490			_aDe Gruyter STEM
520			_aPublic corporations and private businesses operate in an increasingly complex, uncertain, and interconnected world. When evaluating investment decisions, business managers can no longer base their decisions primarily on expected financial return. They now must now consider a host of performance value measures (i.e., criteria) pertaining to issues such as environmental and social governance, sustainability, and stakeholder satisfaction. In addition, corporate managers must ensure that their investment decisions are aligned with the company’s vision, mission, and values in order to maintain investor confidence and protect brand image. Lastly, to be truly successful, business managers must assess the risks associated with each performance measure and manage their impacts during project implementation. This book takes a pragmatic business and economics view towards evaluating competing investment alternatives and/or capital project strategies. It provides a practical step-by- step process using a structured decision analysis framework to evaluate, understand, quantify, and measure project invesment strategies in light of multiple stakeholder objectives and success criteria. This process assists in helping stakeholders (internal and external) achieve a shared understanding of project issues and to facilitate convergence towards a mutually acceptable solution. The approach considers available choices, identified uncertainties, constraints, necessary tradeoffs, and preferences so as to identify solutions that maximize overall benefits while minimizing overall costs and risk. A real world case study is presented in the early chapters and the process steps are demonstrated through application to this case study. Recent advances in technology allow for investment strategies to be evaluated against multiple criteria within one integrated platform. This book guides the reader in performing multi-criteria decision analysis, including the use of Monte Carlo simulation, within an MS Excel environment using native MS Excel and as well as add-in programs such Palisades Decision Tools suite. Example model structures, screen shots, formulas, and output results are provided throughout the book using an illustrative case study. Written from the perspective of a practitioner for the benefit of practitioners Includes the use of Monte Carlo simulation, within an MS Excel environment as well as add-in programs such Palisades Decision Tools suite. (https://www.degruyter.com/document/doi/10.1515/9783110765861/html?lang=en&srsltid=AfmBOorDcJIZg64JjSWMFF7FaTwHrONbc4NANn66bZhU5QzvkRkFt4iT)
650			_aDecision making
650			_aDecision making -- Mathematical models _91481
700			_aMacNair, Doug _918682
942			_cBK _2ddc
999			_c7804 _d7804