Making Hard Decisions with DecisionTools Suite
Author: Robert T. Clemen, Terry Reilly, Terence Reilly
List Price: $110.95
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ISBN: 0534365973
Publisher: Duxbury Press (23 June, 2000)
Sales Rank: 99,464
Average Customer Rating: 4.4 out of 5
Customer Reviews
Rating: 3 out of 5
Panning the Decison Tools Suite
Dr Clemen has provided an excellent text for Decision Analysis nstruction. I have continuously surveyed the field and have yet to find a text that comes up to the standard that Dr Clemen originally set with his first publication "Making Hard Decisions"I have used "Making Hard Decisions with Decision Tools Suite" as well as the predecessor text "Making Hard Decisions."
The "Making Hard Decisions with Decision Tools Suite." text dedicates almost as many pages on how to use the accompanying software as it does to decision making itself. And the software, based on my use of it for two different teaching sessions, is, at best, flakey. Learning to use the software (there are several different modules) requires a great deal of time and energy, and because the software is unstable, getting a good result from it is a rarity rather than a reward.
The "Making Hard Decisions" text, on the other hand, provides more and better material for the decison analysis process. It does incur the added expense of having to use software from another source.
My plan for this coming semester is to use the "Making Hard Decisions" text and decision analysis software provided by another source.
I think Dr Clemen should focus his energies on the "Making Hard Decisons" text, and let the "Making Hard Decisons with Decision Tools" text be a low priority effort until the accompanying software matures a bit.
Richard D Hofler
Rating: 5 out of 5
Hard Decisions Basics
Used this book in a "Making Decisions under Uncertainty" graduate class at the Business School of the University of São Paulo. This book brings all the basics for decision making theory, specifically quantitative aspects of it and comes along with the Decision Tools software that has some bugs but works ok. Using the book together with the software you will get a very good basic idea of what decision making is all about. If decision theory is important for your studies buy this book!!! I also recommend Max Bazerman's "Judgment in managerial decision making" as a complement to it because this one focuses more on the subjective piece of decision making (decision biases, uncertainty, etc, etc) which is not really covered well by Clemen & Reilly. With both, you have a very good toolset for starting to study Decision Making Theory.
Rating: 4 out of 5
Book is OK. Spend extra $20 if you buy used book.
There is a software with the book, which has to be used for working on the problems.(The book has no use without the software).
You can register the software only once.
If you buy a used book, you have to pay another $20 to get a new serial # to use the software.
My seller mburns1000 didn't mention about this when I bought the book and I ended up spending another $20. Similar Products
Smart Choices : A Practical Guide to Making Better Decisions
Introduction to Decision Analysis (2nd Edition)
Value-Focused Thinking: A Path to Creative Decisionmaking
Engineering Economy
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