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Salient Features: The purpose of this tenth edition, is to provide students with a conceptual understanding of the role that quantitative methods play in the decision making process. The text describes the many quantitative methods developed over the years explains how they work, and shows how the decision maker can apply and interpret them. This book is applications oriented and uses problem scenario approach. In each chapter a problem is described in conjunction with the quantitative procedure being introduced. Development of the quantitative technique or model includes applying it to the problem to generate a solution or recommendation. This approach can help to motivate the student by demonstrating not only how the procedure works, but also how it contributes to the decision making process. The mathematical prerequisite for this text is a course in algebra. The two chapters on probability and probability distributions will provide the necessary background for the use of probability in subsequent chapters.
Table Of Contents: Chapter 1: Introduction Chapter 2: Introduction to Probability Chapter 3: Probability Distributions Chapter 4: Decision Analysis Chapter 5: Utility and Game Theory Chapter 6: Forecasting Chapter 7: Introduction to Linear Programming Chapter 8: Linear Programming: Sensitivity Analysis and Interpretation of Solution Chapter 9: Linear Programming Applications Chapter 10: Transportation, Assignment, and Transshipment Problems Chapter 11: Integer Linear Programming Chapter 12: Project Scheduling: PERT/CPM Chapter 13: Inventory Models Chapter 14: Waiting Line Models Chapter 15: Simulation Chapter 16: Markov Processes Chapter 17: Multicriteria Decisions Appendix A: Binomial Probabilities Appendix B: Poisson Probabilities Appendix C: Areas for the standard Normal Distribution Appendix D: Reerences and Bibliography Appendix E: Self test and Answers to Even-Numbered Problems