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Full Description
Building on the thinking of Project Risk Management, this book puts forward a practical, new approach to decision making in an uncertain business world. Many variables are accounted for and the authors are innovative in integrating previous decision-making approaches with a more fluid, and therefore realistic, model that can be applied across a wide range of contexts and decisions. Practical yet rigorous, it is ideal for students and professionals alike.
Contents
Introduction;
Nicola's tale - sizing inventories and other buffers;
Martha's tale - setting bids and other pricing decisions;
Eddy's tale - estimating measures of uncertain performance;
Ian's tale - aligning buyer and supplier motivation;
Roger's tale - assigning ownership of project uncertainty;
Sarah's tale - facilitating the precautionary principle;
Norman's tale - discounting future performance measures;
Tess's tale - making decision analysis practical;
Sam's tale - concepts and issues in portfolio management;
Conrad's tale - formulating strategy;
From concepts to culture