Hierarchies in Distributed Decision Making

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Christoph A. Schneeweiss
Springer, Jan 1, 1999 - Business & Economics - 341 pages
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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, & 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 & leadership situation. These general ideas are illustrated with numerous examples & 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 & implementation, modern concepts in managerial accounting, & supply chain management.

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