A Professional's Guide to Decision Science and Problem Solving

This professional reference provides an integrated framework for problem solving and decision making in corporations. Drawing on vast experience in the field, the authors show how to apply state-of-the-art decision science, statistical modeling, benchmarking, and processing modeling techniques together to create a robust analytical framework for better decision making in any field that relies on advanced operations management. They integrate both newly-developed...
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This professional reference provides an integrated framework for problem solving and decision making in corporations. Drawing on vast experience in the field, the authors show how to apply state-of-the-art decision science, statistical modeling, benchmarking, and processing modeling techniques together to create a robust analytical framework for better decision making in any field that relies on advanced operations management. They integrate both newly-developed and time-tested techniques into a logical, structured approach for assessing corporate issues, developing solutions, and making decisions that drive the successful achievement of corporate objectives. Coverage includes: defining objectives, exploring the environment; scoping problems and evaluating their importance; bringing data mining and statistical analysis to bear; solving problems and measuring the results; evaluating the results and performing sensitivity analysis, and more. The book concludes with three case study chapters that walk through the effective use of its methods, step-by-step. Representing a wide variety of corporate environments, these case studies underscore and demonstrate the method's exceptional adaptability. This book will be valuable in a wide range of industries, notably finance, pharmaceutical, healthcare, economics, and manufacturing.

INSTRUCTOR SUPPLEMENTS:   Lecture PowerPoints, Instructor's Manual, and table to accompany chapter 10 are available for download on the "Resources" tab at http://www.pearsonhighered.com/bookseller/product/Professionals-Guide-Decision-Science-and-Problem-Solving-Integrated-Approach-Assessing-Issues-Finding-Solutions-and-Reac/9780132869782.page.