Managerial Logic

✍ Scribed by Herve Raynaud, Kenneth J. Arrow(auth.)

• Publisher: Wiley-ISTE
• Year: 2011
• Tongue: English
• Leaves: 410
• Category: Library

✦ Synopsis

The publication of the first book by Kenneth Arrow and Herve Raynaud, in 1986, led to an important wave of research in the field of axiomatic approach applied to managerial logic. Managerial Logic summarizes the prospective results of this research and offers consultants, researchers, and decision makers a unified framework for handling the difficult decisions they face.
Based on confirmed results of experimental psychology, this book places the problem in a phenomenological framework and shows how the influence of traditional methods has slowed the effective resolution of these problems. It provides a panorama of principal concepts and theorems demonstrated on axiomatized methods to guide readers in choosing the best alternatives and rejecting the worst ones. Finally, it describes the obtained extensions, often paradoxical, reached when these results are extended to classification problems.
The objective of this book is also to allow the decision maker to find his way through the plethora of “multicriterion methods” promoted by council organizations. The meta-method it proposes will allow him to distinguish the wheat from the chaff.
The collaboration with Kenneth Arrow comes essentially from the fact that his work influenced all subsequent works quoted in this book. His famous impossibility theorem, his gem of a PhD thesis, and his various other works resulted in him receiving the Nobel Prize for economy just before meeting Herve Raynaud who was at that time a visiting professor at Berkeley University in California. Their mutual publications serve as the basis for the axiomatic approach in multicriterion decision-making.Content:
Chapter none Introduction to Part 1 (pages 1–4):
Chapter 1 The Initial Problem (pages 5–34):
Chapter 2 Paradoxes (pages 35–56):
Chapter none Introduction to Part 2 (pages 57–60):
Chapter 3 Majority Method and Limited Domain (pages 61–85):
Chapter 4 Intuition Can Easily Suggest Errors (pages 87–96):
Chapter 5 Would Transitivity be a Prohibitive Luxury? (pages 97–110):
Chapter none Introduction to Part 3 (pages 111–115):
Chapter 6 Helpful Tools for the Sensible Decision Maker (pages 117–151):
Chapter 7 An Important Class of Choice Functions (pages 153–169):
Chapter 8 Prudent Choice Functions (pages 171–190):
Chapter 9 Often Implicit Axioms (pages 191–210):
Chapter 10 Coherent Choice Functions (pages 211–225):
Chapter 11 Rationality and Independence (pages 227–249):
Chapter 12 Monotonic Choice Functions (pages 251–266):
Chapter none Introduction to Part 4 (pages 267–273):
Chapter 13 Sequentially Independent Rankings (pages 275–292):
Chapter 14 Prudent Rankings (pages 293–312):
Chapter 15 Coherent Condorcet Rankings (pages 313–331):
Chapter 16 Monotonic Rankings (pages 333–353):