Item description for Decision by Objectives by Ernest H. Forman & Mary Ann Selly...
Decision-making is a process of choosing from possible courses of action in order to attain goals and objectives. Nobel laureate Herbert Simon wrote that the whole process of managerial decision-making is synonymous with the practice of management. Decision-making is at the core of all managerial functions. Planning, for example, involves the following decisions: what should be done? When? How? Where? By whom? Other managerial functions, such as organizing, implementing and controlling, rely heavily on decision-making. "Decision by Objectives" is a book about the art and science of decision-making. It presents a very practical approach to decision-making that has a sound theoretical foundation, known as the analytic hierarchy process. Intended for both the student and the professional, the book includes approaches to prioritizing, evaluating alternative courses of action, forecasting, and allocating resources. By focusing on objectives rather than alternatives alone, it shows the reader how to synthesize information from multiple sources, analyses, and perspectives. The methods presented have been gaining popularity throughout the world.
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Studio: World Scientific Publishing Company
Est. Packaging Dimensions: Length: 1" Width: 6.25" Height: 8.75" Weight: 1.65 lbs.
Release Date Feb 15, 2002
Publisher World Scientific Publishing Company
ISBN 9810241429 ISBN13 9789810241421
Reviews - What do customers think about Decision by Objectives?
Guide to how decisions are really, really made Aug 10, 2005
This is an excellent book and a great reference to AHP and decision making in general. Even if you are not an AHP user or a user of the software tool Expert Choice, you can get alot out of reading this book in terms of how to set up and approach any type of choice. If you are a long time fan and user of AHP and Expert Choice, like I am, you will pick up new approaches and reinforce your understanding of the theory behind the AHP. I highly recommend this book to anyone who wants to make better decisions or help others through tough decisions.
A must read for business leaders Dec 8, 2004
I found this book to be enlightening and helpful pertaining to group decision making. Almost everyday I deal with tough and complex decisions where I need to capture the knowledge and expertise of my staff. I have discovered Dr. Forman and Ms. Selly's "Decisions by Objective" a good read in helping me understand how using the Analytic Hierarchy Process (AHP) as a powerful methodology to assist in my company's success.
An excellent read on decision making for the layman Dec 6, 2004
The below reviewer is mean and obviously has an axe to grind. The reviewer overlooks a key element of this book that makes it compelling: it takes decision-making best practices out of the hands of "decision scientists" and puts it back where it belongs - in the hands of the business user. Decision by Objectives takes complex concepts and makes them accessible to both novice and experienced decision makers. The book describes a proven and well-known methodology - the Analytic Hierarchy Process (AHP) - supported by easy to use collaborative decision-making software - Expert Choice - to show how decision makers can make difficult decisions easier with a simple process. Through proper structuring of the objectives or criteria, simple pairwise comparison measurement, and synthesis of quantitative data with qualitative judgment, business decision makers can improve the quality of their decisions, create buy-in among stakeholders, and improve the justifiability of their results. The book also outlines many different applications where the AHP methodology has been successfully used, including capital budgeting, portfolio management, vendor selection, strategic planning, risk assessment and forecasting. It is a good read and one that dovetails nicely with Decision Making for Leaders by Dr. Thomas L. Saaty.
Selly & Forman have no original thoughts on the subject Mar 11, 2003
Most of these concepts are common knowledge in the group communication and decision science spaces and have been covered by many authors. Although their writings are grounded on AHP, they confuse those familiar with the process by changing the names of key terms that have been associated with the group theory for decades. By combining basic group techniques (i.e. brainstorming and pro/con diagrams) and decision theory, and changing the jargon, it seems they are trying to put their own brand on concepts that are in the public domain. Lack of exposure might explain the author's utopian views of group decision making in corporate environments.