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Book Summary
Distributed decision making is described in this book from a hierarchical
perspective. A unified approach allows to treat such seemingly diverse fields as
multi-level decision making, hierarchical production planning, principal agent
theory, hierarchical negotiations, and dynamic games within the framework of a
general pair of functional equations. In doing so, the book covers the range
from a multi-level one-person decision problem to a multi-person antagonistic
planning and leadership situation. These general ideas are illustrated with
numerous examples and real-life planning situations. In addition, the treatise
provides a theoretical foundation for important problem areas in business
administration, such as hierarchical production planning, the problems of design
and implementation, modern concepts
Distributed decision making is described in this book from a hierarchical
perspective. A unified approach allows to treat such seemingly diverse fields as
multi-level decision making, hierarchical production planning, principal agent
theory, hierarchical negotiations, and dynamic games within the framework of a
general pair of functional equations. In doing so, the book covers the range
from a multi-level one-person decision problem to a multi-person antagonistic
planning and leadership situation. These general ideas are illustrated with
numerous examples and real-life planning situations. In addition, the treatise
provides a theoretical foundation for important problem areas in business
administration, such as hierarchical production planning, the problems of design
and implementation, modern concepts