IDEAS home Printed from https://ideas.repec.org/h/spr/isochp/978-3-030-49459-9_9.html
   My bibliography  Save this book chapter

Choosing Among Known Alternatives

In: Making Better Decisions

Author

Listed:
  • Pekka J. Korhonen

    (Aalto University School of Business)

  • Jyrki Wallenius

    (Aalto University School of Business)

Abstract

We next discuss systematic approaches to solving so called multiple criteria evaluation problems. In this case, all decision alternatives are assumed to be known and available. Central to such approaches is the need to make tradeoffs. A classic example of a tradeoff is investing in stock market, where you must decide how much expected profits you desire and what risks you are willing to take. The higher risks you are willing to take, the higher is the potential payoff. However, we cannot achieve everything we desire, and we must make compromises.

Suggested Citation

  • Pekka J. Korhonen & Jyrki Wallenius, 2020. "Choosing Among Known Alternatives," International Series in Operations Research & Management Science, in: Making Better Decisions, chapter 0, pages 75-89, Springer.
    • Handle: RePEc:spr:isochp:978-3-030-49459-9_9
    DOI: 10.1007/978-3-030-49459-9_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isochp:978-3-030-49459-9_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.