Capitulo 1 Ragsdale

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Chapter 1
Introduction to Modeling and Decision Analysis
1.0 Introduction
This book is titled Spreadsheet Modeling and Decision Analysis: A Practical Introduction to ManagementScience, so let’s begin by discussing exactly what this title means. By the very nature of life, all of us must continually make decisions that we hope will solve problems and lead to increased opportunities for ourselves or the organizations for which we work. But making good decisions is rarely an easy task. The problems faced by decision makers in today’s competitive, fast-paced businessenvironment are often extremely complex and can be addressed by numerous possible courses of action. Evaluating these alternatives and choosing the best course of action represents the essence of decision analysis. During the past decade, millions of business people discovered that one of the most effective ways to analyze and evaluate decision alternatives involves using electronic spreadsheets to...
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