It has been far too long since I posted to this blog. It’s time to let you know what I’ve been working on over the past few months. I’ve been writing a book on a topic that is near and dear to my heart.
The book is titled Multi-objective Decision Analysis: Managing Trade-offs and Uncertainty. It is an applied, concise book that explains how to conduct multi-objective decision analyses using spreadsheets.
The book is scheduled to be published by Business Expert Press in 2013. For a little more information about my forthcoming book, please read the abstract shown below:
“Whether managing strategy, operations, or products, making the best decision in a complex uncertain business environment is challenging. One of the major difficulties facing decision makers is that they often have multiple, competing objectives, which means trade-offs will need to be made. To further complicate matters, uncertainty in the business environment makes it hard to explicitly understand how different objectives will impact potential outcomes. Fortunately, these problems can be solved with a structured framework for multi-objective decision analysis that measures trade-offs among objectives and incorporates uncertainties and risk preferences.
This book is designed to help decision makers by providing such an analysis framework implemented as a simple spreadsheet tool. This framework helps structure the decision making process by identifying what information is needed in order to make the decision, defining how that information should be combined to make the decision and, finally, providing quantifiable evidence to clearly communicate and justify the final decision.
The process itself involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. With this process, decision making is made more efficient by focusing only on information and factors that are well-defined, measureable, and relevant to the decision at hand. The clear characterization of the decision required by the framework ensures that a decision can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can effectively and consistently make better decisions to gain a competitive and strategic advantage.”
Look for my forthcoming book, Multi-objective Decision Analysis, on the bookshelves in 2013!