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Elsevier

Books in Decision sciences applications

This portfolio encompasses practical applications of decision analysis, risk management, and strategic planning across diverse sectors. Featuring real-world case studies, innovative methodologies, and cutting-edge research, it supports practitioners, researchers, and students in making informed, data-driven decisions. Emphasizing sustainability, technology integration, and complexity management, these titles address challenges in finance, healthcare, supply chain, and policy-making. The content fosters actionable insights for optimizing outcomes, enhancing efficiency, and supporting resilient decision processes in dynamic environments.

  • Information Gap Decision Theory

    Decisions under Severe Uncertainty
    • 1st Edition
    • Yakov Ben-Haim
    • English
    Information-Gap Decision Theory presents a distinctive new theory of decision-making under severe uncertainty. Applications in engineering design and analysis, project management, economics, strategic planning, social decision making, environmental management, medical decisions, search and evasion problems, risk assessment, and other areas are discussed. Info-gap theory deals with many of the problems and questions of classical decision analysis such as risk assessment, gambling, value of information, trade-off analysis, and preference reversal, but the distinctive character of info-gap uncertainty repeatedly gives rise to new insights and unique decision algorithms. Furthermore, this book deals with many of the difficult interface issues facing the responsible decision maker such as value judgments concerning risk and immunity to failure, as well as philosophical implications of decision under uncertainty. This book is a fresh approach to the age-old problem of deciding responsibly with deficient information.An info-gap is the disparity between what is known and what needs to be known in order to make a well-founded decision. The book begins with a discussion of info-gap models of uncertainty, which provides an innovative approach to the quantification of severe lack of information.This book can be used in advanced undergraduate and graduate courses on decision theory and risk analysis. It is also of interest to practicing decision analysts and to researchers in decision theory and in human decision-making.

  • Pricing Derivative Securities

    An Interactive, Dynamic Environment with Maple V and Matlab
    • 1st Edition
    • Eliezer Z. Prisman
    • English
    Pricing derivatives theory comes alive in this self-contained interactive experience in financial pricing. The no-arbitrage perspective in a one-period state-preference model drives the book, and the Maple® and Matlab® programs help readers visualize payoffs and respond to various constraints and conditions. With clear explanations and lavish illustrations, Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab teaches the core theoretical concepts so often disguised behind difficult terms and institutional details.Readers can experiment with the electronic packages forever, using the book and its solutions manual as a tutorial that can help solve problems of increasing complexity.

  • Microscopic Simulation of Financial Markets

    From Investor Behavior to Market Phenomena
    • 1st Edition
    • Haim Levy + 2 more
    • English
    Microscopic Simulation (MS) uses a computer to represent and keep track of individual ("microscopic") elements in order to investigate complex systems which are analytically intractable. A methodology that was developed to solve physics problems, MS has been used to study the relation between microscopic behavior and macroscopic phenomena in systems ranging from those of atomic particles, to cars, animals, and even humans. In finance, MS can help explain, among other things, the effects of various elements of investor behavior on market dynamics and asset pricing. It is these issues in particular, and the value of an MS approach to finance in general, that are the subjects of this book. The authors not only put their work in perspective by surveying traditional economic analyses of investor behavior, but they also briefly examine the use of MS in fields other than finance. Most models in economics and finance assume that investors are rational. However, experimental studies reveal systematic deviations from rational behavior. How can we determine the effect of investors' deviations from rational behavior on asset prices and market dynamics? By using Microscopic Simulation, a methodology originally developed by physicists for the investigation of complex systems, the authors are able to relax classical assumptions about investor behavior and to model it as empirically and experimentally observed. This rounded and judicious introduction to the application of MS in finance and economics reveals that many of the empirically-observed "puzzles" in finance can be explained by investors' quasi-rationality. Researchers use the book because it models heterogeneous investors, a group that has proven difficult to model. Being able to predict how people will invest and setting asset prices accordingly is inherently appealing, and the combination of computing power and statistical mechanics in this book makes such modeling possible. Because many finance researchers have backgrounds in physics, the material here is accessible.

  • The Grouting Handbook

    A Step-by-Step Guide to Heavy Equipment Grouting
    • 1st Edition
    • Donald M. Harrison
    • English
    Based on twenty years of research and field experience, this book collects a vast amount of information into a handy reference for mechanical and civil engineers. It focuses on four basic elements of grouting: load carrying capability of the foundation soil; mass design, concrete mix and installation, and curing procedures of the foundation; anchor bolts; and the grout. From the ground up, this book takes you step by step through the grouting process. Clear, straightforward directions give you details on preparing the foundation and surface, and selecting the best material and method. Comprehensive yet concise, this is a convenient handbook for veteran and rookie engineers alike.

  • Analysing and Aiding Decision Processes

    • 1st Edition
    • Volume 14
    • P. Humphreys + 2 more
    • English
    This book contains an edited selection of papers presented at the Eighth Research Conference on Subjective Probability, Utility and Decision Making, held in Budapest. Together they span a wide range of new developments in studies of decision making, the practice of decision analysis and the development of decision-aiding technology.The volume is arranged in sections: Societal Decision Making; Organizational Decision Making; Aiding the Structuring of Small Scale Decision Problems, and Tracing Decision Processes.The emphasis is on decision processes and structures and their applications, rather than formal modelling in isolation, thus reflecting current developments in research and practice which follow from the understanding of the nature and operation of decision theoretical models gained during the 1970's.The fifth section, A Symposium on the Validity of Studies on Heuristics and Biases, is of a different nature. The papers take stock of the considerable volume of work investigation ``heuristics and biases'' in decision making over the past decade, and their implication for theory and practice.

  • Modelling Stock Market Volatility

    Bridging the Gap to Continuous Time
    • 1st Edition
    • Peter H. Rossi
    • English
    This essay collection focuses on the relationship between continuous time models and Autoregressive Conditionally Heteroskedastic (ARCH) models and applications. For the first time, Modelling Stock Market Volatility provides new insights about the links between these two models and new work on practical estimation methods for continuous time models. Featuring the pioneering scholarship of Daniel Nelson, the text presents research about the discrete time model, continuous time limits and optimal filtering of ARCH models, and the specification and estimation of continuous time processes. This work will lead to a rapid growth in their empirical application as they are increasingly subjected to routine specification testing.

  • Handbook of Econometrics

    • 1st Edition
    • Volume 2
    • Z. Griliches + 1 more
    • English
    The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics. Comprehensive surveys, written by experts, discuss recent developments at a level suitable for professional use by economists, econometricians, statisticians, and in advanced graduate econometrics courses.For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier....

  • Handbook of Econometrics

    • 1st Edition
    • Volume 1
    • M.D. Intriligator + 1 more
    • English
    The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics. Comprehensive surveys, written by experts, discuss recent developments at a level suitable for professional use by economists, econometricians, statisticians, and in advanced graduate econometrics courses.For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier....

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