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 providesa unified approach to such seemingly diverse fields as multi-level stochastic programming, hierarchical production planning, principal agent theory, negotiations or contract theory.Different settings likemulti-level one-person decision problems,multi-person antagonistic planning, and leadershipsituations are covered.Numerous examples and real-life planningcases illustrate the concepts.The new edition has been considerably expanded by additional chapters onsupply chain management,service operations and multi-agent systems.