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This paper explores whether the decisions made by a negotiator during negotiations are consistent with her preferences. By considering the entire set of offers exchanged during a negotiation, the measures of consistency developed in this paper provide a compact representation of important...
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Scenario planning and multiple criteria decision analysis (MCDA) are two key management science tools used in strategic planning. In this paper, we explore the integration of these two approaches in a coherent manner, recognizing that each adds value to the implementation of the other. Various...
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Water management has become a challenging problem worldwide, especially in developing countries, due to several reasons including the growing scarcity of natural water resources; a demographic explosion in many urban settlements, followed by a rapid urbanization and industrialization of...
Persistent link: https://www.econbiz.de/10011011073
We provide a generic Monte Carlo method to find the alternative of maximum expected utility in a decision analysis. We define an artificial distribution on the product space of alternatives and states, and show that the optimal alternative is the mode of the implied marginal distribution on the...
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