An invitation to portfolio decision analysis

Ahti Salo, Jeffrey Keisler, Alec Morton

Research output: Chapter in Book/Report/Conference proceedingChapter

43 Citations (Scopus)


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.
Original languageEnglish
Title of host publicationPortfolio Decision Analysis
Subtitle of host publicationImproved Methods for Resource Allocation
EditorsAhti Salo , Jeffrey Keisler, Alec Morton
Place of Publication9781441999436
Number of pages25
Publication statusPublished - 2011


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


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