Abstract
When a government, business or industry faces an important choice, the decision making is inevitably proceded by much quantitative analysis. This analysis serves in part to define the problem, this is to identify all the available options and their possible consequences, and in part to produce a short list of perhaps two or three options, ranked in order of merit, from which the final selection may be made. In this paper we shall myopically focus our attention on the second part of the analysis. In doing so we are aware that we lose considerably because the background of any analysis lends much to its interpretation. However, limitations of space forbid a more wide-ranging review, and we refer to, inter alia, Carley (1980), French (1982a), Keeney and Raiffa (1976), and White (1975) for the general setting of our discussion.
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French, S. (1983). Decision Analysis and Life Cycle Costing. In: Skwirzynski, J.K. (eds) Electronic Systems Effectiveness and Life Cycle Costing. NATO ASI Series, vol 3. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-82014-4_34
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DOI: https://doi.org/10.1007/978-3-642-82014-4_34
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