Distributed Decision Making

Distributed decision making (DDM) has become of increasing importance in quantitative decision analysis. In applications like supply chain management, service operations, or managerial accounting, DDM has led to a paradigm shift. The book provides a unified approach to such seemingly diverse fields as multi-level stochastic programming, hierarchical production planning, principal agent theory, negotiations or contract theory. Different settings like multi-level one-person decision problems, multi-person antagonistic planning, and leadership situations are covered. Numerous examples and real-life planning cases illustrate the concepts. The new edition has been considerably expanded by additional chapters on supply chain management, service operations and multi-agent systems. Front Matter....Pages i-xv Introduction....Pages 1-22 Front Matter....Pages 23-24 Basic Concepts....Pages 25-71 Constructional DDM Systems....Pages 73-91 Organizational DDM Systems....Pages 93-123 Principal Agent Theory....Pages 125-156 Front Matter....Pages 157-158 Hierarchical Production Planning....Pages 159-203 Organizational Design....Pages 205-219 Implementation....Pages 221-241 Supply Chain Management....Pages 243-322 Service Operations....Pages 323-340 Managerial Accounting....Pages 341-384 Front Matter....Pages 385-386 General DDM Systems....Pages 387-409 Coordination through Communication....Pages 411-421 Negotiations....Pages 423-436 Distributed Decision Making in Multi-Agent Systems....Pages 437-449 A Unifying Perspective of the Management Process....Pages 451-462 Back Matter....Pages 463-528 "The book provides a unified approach to such seemingly diverse fields as multi-level stochastic programming, hierarchical production planning, principal agent theory, negotiations, or contract theory. Different settings like multilevel one-person decision problems, multi-person antagonistic planning, and leadership situations are covered. Numerous examples and real-life planning cases illustrate the concepts. The new edition has been considerably expanded by additional chapters on supply chain management, service operations and multi-agent systems."--BOOK JACKET.