An invitation to portfolio decision analysis

Ahti Salo, Jeffrey Keisler, Alec Morton

Research output: Chapter in Book/Report/Conference proceedingChapter

31 Citations (Scopus)

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. 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.
LanguageEnglish
Title of host publicationPortfolio Decision Analysis
Subtitle of host publicationImproved Methods for Resource Allocation
EditorsAhti Salo , Jeffrey Keisler, Alec Morton
Place of Publication9781441999436
PublisherSpringer-Verlag
Pages3-27
Number of pages25
DOIs
Publication statusPublished - 2011

Fingerprint

Decision analysis
Pull
Resource allocation
Consulting

Keywords

  • operations research
  • financial economics
  • management science
  • portfolio decision analysis

Cite this

Salo, A., Keisler, J., & Morton, A. (2011). An invitation to portfolio decision analysis. In A. Salo , J. Keisler, & A. Morton (Eds.), Portfolio Decision Analysis: Improved Methods for Resource Allocation (pp. 3-27). 9781441999436: Springer-Verlag. https://doi.org/10.1007/978-1-4419-9943-6_1
Salo, Ahti ; Keisler, Jeffrey ; Morton, Alec. / An invitation to portfolio decision analysis. Portfolio Decision Analysis: Improved Methods for Resource Allocation. editor / Ahti Salo ; Jeffrey Keisler ; Alec Morton. 9781441999436 : Springer-Verlag, 2011. pp. 3-27
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Salo, A, Keisler, J & Morton, A 2011, An invitation to portfolio decision analysis. in A Salo , J Keisler & A Morton (eds), Portfolio Decision Analysis: Improved Methods for Resource Allocation. Springer-Verlag, 9781441999436, pp. 3-27. https://doi.org/10.1007/978-1-4419-9943-6_1

An invitation to portfolio decision analysis. / Salo, Ahti; Keisler, Jeffrey; Morton, Alec.

Portfolio Decision Analysis: Improved Methods for Resource Allocation. ed. / Ahti Salo ; Jeffrey Keisler; Alec Morton. 9781441999436 : Springer-Verlag, 2011. p. 3-27.

Research output: Chapter in Book/Report/Conference proceedingChapter

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Salo A, Keisler J, Morton A. An invitation to portfolio decision analysis. In Salo A, Keisler J, Morton A, editors, Portfolio Decision Analysis: Improved Methods for Resource Allocation. 9781441999436: Springer-Verlag. 2011. p. 3-27 https://doi.org/10.1007/978-1-4419-9943-6_1