Essays In Decision Making

A Volume in Honour of Stanley Zionts

  • Mark H. Karwan
  • Jaap Spronk
  • Jyrki Wallenius

Table of contents

  1. Front Matter
    Pages I-VII
  2. Introduction

    1. Mark H. Karwan, Jaap Spronk, Jyrki Wallenius
      Pages 1-4
  3. Multiple Objective Linear Programming and Interactive Methods

  4. Preferences and Learning

    1. Front Matter
      Pages 105-105
    2. D. Bouyssou, M. Pirlot, Ph. Vincke
      Pages 120-134
    3. Elizabeth Atherton, Simon French
      Pages 135-156
    4. Po-Lung Yu, Liping Liu
      Pages 185-200
  5. Applications

    1. Front Matter
      Pages 213-213
    2. Kwang-Jae Kim, Herbert Moskowitz, Jong-Seok Shin
      Pages 215-236
    3. Patrick L. Brockell, W. W. Cooper, Ku-Hyuk Kwon, Timothy W. Ruefli
      Pages 237-274
    4. Winfried Hallerbach, Jaap Spronk
      Pages 275-293
    5. Jeffrey Teich, Pekka Korhonen, Jim Phillips, Jyrki Wallenius
      Pages 313-330
    6. Murat Köksalan, Suna Köksalan Kondakci
      Pages 331-341
    7. Brian Boffey, Subhash C. Narula
      Pages 342-369
    8. Ralph L. Keeney, Detlof von Winterfeldt
      Pages 371-390
  6. Professor Stanley Zionts

About this book


The pioneering study by Bowman [1980) reawakened interest in risk and return relations in the strategic management literature. We do not examine this literature here because we have elsewhere reviewed it in detail 1 and because, for the most part, these studies have been confined to ex post data. Discussions of the strategies which subjects used to direct their ex ante evaluations of risks and returns have either been omitted or else have been only indirectly inferred from ex post data. In addition, with few exceptions, this literature does not attempt to ascertain the meanings that might have been assigned by subjects to terms like "risk" and/or the "returns" with which they have been concerned. Even fewer of these studies have attempted to ascertain how the subjects implemented their definitions en of prospective strategies. Thus, tius literature may route to arriving at evaluations best be regarded as bearing only indirect relations to the present study which is concerned not only with the meanings assigned to terms like "risk" and "return" but also with how these terms are used in arriving at risk and return evaluations of proposed strategies as well as how they are measured and used, on an ex ante basis en route to seeing how these evaluations match with ex post performance. In a sense, one part of this study--i. e.


Entscheidungstheorie Mehrfachziele Multi-Criteria Analyse Power calculus decision making decision support decision theory linear optimization multi-criteria decision making optimization programming scheduling simulation

Editors and affiliations

  • Mark H. Karwan
    • 1
  • Jaap Spronk
    • 2
  • Jyrki Wallenius
    • 3
  1. 1.School of Engineering and Applied SciencesState University of New York at BuffaloBuffaloUSA
  2. 2.Department of FinanceErasmus University RotterdamRotterdamThe Netherlands
  3. 3.Helsinki School of Economics and Business AdministrationHelsinkiFinland

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 1997
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-64499-3
  • Online ISBN 978-3-642-60663-2
  • Buy this book on publisher's site
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