Decision Making Under Uncertainty With RISKOptimizer : A Step-To-Step Guide Using Palisade's RISKOptimizer for Excel [Paperback]

Wayne L. Winston (Author)

Editorial Reviews

About the Author

Wayne Winston (Ph.D., Yale University) is Professor of Decision and Information Systems at the Kelley School of Business at Indiana University in Bloomington. He has continually been recognized for excellence in business education, including being named best MBA teacher on four occasions. Dr. Winston has written several books, including Simulation Modeling Using @RISK and Operations Research.

Product Details

• Paperback: 244 pages
• Publisher: Palisade Corp (June 1, 1999)
• Language: English
• ISBN-10: 1893281019
• ISBN-13: 978-1893281011
• Product Dimensions: 8.9 x 6.9 x 0.6 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #1,178,116 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

16 of 19 people found the following review helpful:

4.0 out of 5 stars overall good examples, with exemption of option pricing ones, October 5, 1999

By A Customer

This review is from: Decision Making Under Uncertainty With RISKOptimizer : A Step-To-Step Guide Using Palisade's RISKOptimizer for Excel (Paperback)

The first impression from the book was great. There are really good examples of different optimization problems - product mix, manpower allocation etc. However, missing example files from the chapters on option pricing have ruined this good impression. Without the example files (that are supposed to be on the accompanying CD) the chapters loose a good portion of their value, as the historical data are missing, which is hard to recreate and check if you understand the material right. Another bad experience with the book is the fact that CD that came with the first book that I received was damaged and completely unusable. Thanks to the Amazon.com, they sent me the second copy of the book with a new CD free of charge. But the facts are that if you buy the book, you cannot be sure that the CD is usable, and if it is, then some of the example files will be missing. In my opinion, for the price they charge for the book, you could expect a little bit more quality.

1 of 1 people found the following review helpful:

5.0 out of 5 stars Great non-linear optimization tool, March 18, 2001

By 

steve_from_spokane (Everett, Wa United States) - See all my reviews

This review is from: Decision Making Under Uncertainty With RISKOptimizer : A Step-To-Step Guide Using Palisade's RISKOptimizer for Excel (Paperback)

Anyone in operations will find something of value in this book. There is a good variety of problems, and good explanations of how to solve them. The book is accompanied with Palisade.com's Risk Optimizer software. Be sure to check their web site; they post updates to software, and they seem like a pretty good company to deal with, as well.

With his various books and software, Dr Winston really helps the business manager leverage his productivity.

2 of 3 people found the following review helpful:

1.0 out of 5 stars Software is 10 day trial version only, August 19, 2002

By A Customer

This review is from: Decision Making Under Uncertainty With RISKOptimizer : A Step-To-Step Guide Using Palisade's RISKOptimizer for Excel (Paperback)

I was disappointed to discover that RISKOptimizer software included with this book was just a 10-day trial version. After that, you have to buy the $700 license for the software. For books like this, obviously aimed to a large extent at business students, it seems much more logical to include a reduced capacity version with a perpetual license, as other similar books do.