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Portfolio Decision Analysis pp 3–27Cite as

An Invitation to Portfolio Decision Analysis

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Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 162))

Abstract

Portfolio Decision Analysis (PDA) – the application of decision analysis to the problem of selecting a subset or portfolio from a large set of alternatives – accounts for a significant share, perhaps the greater part, of decision analysis consulting. PDA has a sound theoretical and methodological basis, and its ability to contribute to better resource allocation decisions has been demonstrated in numerous applications. This book pulls together some of the rich and diverse efforts as a starting point for treating PDA as a promising and distinct area of study and application. In this introductory chapter, we first describe what we mean by PDA. We then sketch the historical development of some key ideas, outline the contributions contained in the chapters and, finally, offer personal perspectives on future work in this sub-field of decision analysis that merits growing attention.

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Author information

Authors and Affiliations

  1. Systems Analysis Laboratory, Aalto University School of Science, 11100, 00076, Aalto, Finland

    Ahti Salo

  2. Management Science and Information Systems Department, College of Management, University of Massachusetts Boston, Boston, MA, USA

    Jeffrey Keisler

  3. Department of Management, London School of Economics and Political Science, Management Science Group, London, UK

    Alec Morton

Authors
  1. Ahti Salo
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  2. Jeffrey Keisler
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  3. Alec Morton
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Correspondence to Ahti Salo .

Editor information

Editors and Affiliations

  1. , Systems Analysis Laboratory, Aalto University School of Science and T, Aalto, 00076, Finland

    Ahti Salo

  2. Dept. Management Science &, Information Systems, University of Massachusetts, Boston, Morrissey Blvd. 100, Boston, 02125, Massachusetts, USA

    Jeffrey Keisler

  3. , Department of Management, London School of Economics, Houghton Street, London, WC2A 2AE, Montserrat

    Alec Morton

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Salo, A., Keisler, J., Morton, A. (2011). An Invitation to Portfolio Decision Analysis. In: Salo, A., Keisler, J., Morton, A. (eds) Portfolio Decision Analysis. International Series in Operations Research & Management Science, vol 162. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-9943-6_1

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