Contents



Preface

Application of Decision Science in Business and Management is a book that synthesizes the analytical principles with business management practices of Decision Science.

It shows the relationship between the main disciplines of administrative, organizational, and engineering/technology abilities of decision science. It also considers other specialties such as finance economics, risk analysis, decision making,

Decision science synthesizes the methods and techniques employed in decisionmaking. They can be qualitative/quantitative, exact or not, etc., and therefore, the solution can be optimal or not. The decisions are generally classified regarding to the period as operational (short period), strategic (long period), and politic (very

The chapters introduce and demonstrate a decision-making theory to practice case studies. It demonstrates key results for each sector with diverse real-world case studies. Theory is accompanied by relevant analysis techniques, with a progressive approach building from simple theory to complex and dynamic decisions with multiple data points, including big data, lot of data, etc. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems

The book is aimed at graduate students and professionals in business administration, industrial organization, operations management, applied microeconomics, and

> Fausto Pedro García Márquez Ingenium Research Group, University of Castilla-La Mancha,

> > Spain

the decisions sciences, either studying decision-making analysis, or who are required to solve large, specific, and complex multi-criteria decision-making problems as part of their jobs. The work will also be of interest to industrial engineers and engineering designers working with optimization problems, but this is not the

main audience, and finally researchers from the academia.

marketing, etc.

long period).

with defined constraints and requirements.
