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Quantitative Methods of Decision Theory and their Significance in Practice

In: Operations Research and Management

Author

Listed:
  • Franz W. Peren

    (Bonn-Rhein-Sieg University of Applied Sciences)

Abstract

First of all, a clear definition of the term “decision” is required. Decisions describe a choice between two or more alternative courses of action on which a decision is based in order to achieve the defined objectives. Interdisci-plinary research systematically examines the decision-making behavior of individuals and groups [1].

Suggested Citation

  • Franz W. Peren, 2026. "Quantitative Methods of Decision Theory and their Significance in Practice," Springer Texts in Business and Economics, in: Franz W. Peren & Thomas Neifer (ed.), Operations Research and Management, edition 0, pages 299-315, Springer.
    • Handle: RePEc:spr:sptchp:978-3-032-08078-3_16
    DOI: 10.1007/978-3-032-08078-3_16
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