Pekka J. Korhonen's Books

Making Better Decisions

Balancing Conflicting Criteria

By: Pekka J. Korhonen,Jyrki Wallenius

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Making Better Decisions

Balancing Conflicting Criteria

By: Pekka J. Korhonen,Jyrki Wallenius

This book offers a comprehensive introduction to decision-making in an MCDM framework. Designed as a tutorial, it presents the main concepts and methods to be applied, together with essential background information. This includes the concept of nondominance, Simon’s bounded rationality, Tversky and Kahneman’s prospect theory, and the concepts of behavioral vs. mathematical convergence and premature stopping put forward by Korhonen, Moskowitz and Wallenius. The book concludes with a non-technical review of many popular decision algorithms, including the Analytic Hierarchy Process (AHP), VIMDA, and a number of classic interactive man-machine algorithms. In essence, the book is a “one-stop” source on everything you need to know about managerial decision-making in the multiple-criteria setting.

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Page Count

176

Publisher

Springer Nature

Published Date

ISBN 10

3030494594

ISBN 13

9783030494599

Extension of Data Envelopment Analysis with Preference Information

Value Efficiency

By: Tarja Joro,Pekka J. Korhonen

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Extension of Data Envelopment Analysis with Preference Information

Value Efficiency

By: Tarja Joro,Pekka J. Korhonen

This book provides an introduction to incorporating preference information in Data Envelopment Analysis (DEA) with a special emphasis in Value Efficiency Analysis. In addition to theoretical considerations, numerous illustrative examples are included. Hence, the book can be used as a teaching text as well. Only a modest mathematical background is needed to understand the main principles. The only prerequisites are a) familiarity with linear algebra, especially matrix calculus; b) knowledge of the simplex method; and c) familiarity with the use of computer software. The book is organized as follows. Chapter 1 provides motivation and introduces the basic concepts. Chapter 2 provides the basic ideas and models of Data Envelopment Analysis. The efficient frontier and production possibility set concepts play an important role in all considerations. That's why these concepts are considered more closely in Chapter 3. Since the approaches introduced in this study are inspired by Multiple Objective Linear Programming, the basic concepts of this field are reviewed in Chapter 4. Chapter 5 also compares and contrasts Data Envelopment Analysis and Multiple Objective Linear Programming, providing some cornerstones for approaches presented later in the book. Chapter 6 discusses the traditional approaches to take into account preference information in DEA. In Chapter 7, Value Efficiency is introduced, and Chapter 8 discusses practical aspects. Some extensions are presented in Chapter 9, and in Chapter 10 Value Efficiency is extended to cover the case when a production possibility set is not convex. Three implemented applications are reviewed in Chapter 11.

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Page Count

196

Publisher

Springer

Published Date

ISBN 10

1489975284

ISBN 13

9781489975287

The Rocky Road to Publishing in the Management and Decision Sciences and Beyond

Experiencing the Journey and Lessons Learned

By: Pekka Korhonen,Herbert Moskowitz,Jyrki Wallenius

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The Rocky Road to Publishing in the Management and Decision Sciences and Beyond

Experiencing the Journey and Lessons Learned

By: Pekka Korhonen,Herbert Moskowitz,Jyrki Wallenius

This book documents the history of two research papers, from the first drafts to the final polished published articles, including the reviewer comments and the author responses. The documentary provides unique insights into the publishing process, which at times is filled with uncertainties, not only for young researchers. The book discusses lessons learned and also provides an experienced editor's and reviewer's perspective. In the light of the high pressure on young faculty to publish successfully, this book offers itself as a guide to publishing efficiently and effectively in a highly competitive scientific environment.

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Page Count

193

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3642420486

ISBN 13

9783642420481

Book's by Pekka J. Korhonen

Making Better Decisions

Making Better Decisions

Extension of Data Envelopment Analysis with Preference Information

Extension of Data Envelopment Analysis with Preference Information

The Rocky Road to Publishing in the Management and Decision Sciences and Beyond

The Rocky Road to Publishing in the Management and Decision Sciences and Beyond

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