Publication Date
January 2011
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. By construction, 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.
Recommended Citation
Salo, Ahti; Keisler, Jeffrey; and Morton, Alec, "An invitation to portfolio decision analysis" (2011). Management Science and Information Systems Faculty Publication Series. 34.
https://scholarworks.umb.edu/msis_faculty_pubs/34
Publisher
Springer
Included in
Business Administration, Management, and Operations Commons, Management Sciences and Quantitative Methods Commons
Comments
The final version of this paper appears in A. Salo, J. Keisler and A. Morton (eds.) (2011). Portfolio Decision Analysis: Improved Methods for Resource Allocation, Springer, New York. Pp. 3-27. Information on the book, including ordering information is available at: http://www.springerlink.com/content/978-1-4419-9943-6#section=937868&page=1&locus=0