Managerial Logic

The publication of the first book by Kenneth Arrow and HervéRaynaud, in 1986, led to an important wave of research in the fieldof axiomatic approach applied to managerial logic. Managerial Logicsummarizes the prospective results of this research and offersconsultants, researchers, and decision makers a unified frameworkfor handling the difficult decisions they face.Based on confirmed results of experimental psychology, this bookplaces the problem in a phenomenological framework and shows howthe influence of traditional methods has slowed the effectiveresolution of these problems. It provides a panorama of principalconcepts and theorems demonstrated on axiomatized methods to guidereaders in choosing the best alternatives and rejecting the worstones. Finally, it describes the obtained extensions, oftenparadoxical, reached when these results are extended toclassification problems.The objective of this book is also to allow the decision maker tofind his way through the plethora of multicriterionmethods promoted by council organizations. The meta-methodit proposes will allow him to distinguish the wheat from thechaff.The collaboration with Kenneth Arrow comes essentially from thefact that his work influenced all subsequent works quoted in thisbook. His famous impossibility theorem, his gem of a PhD thesis,and his various other works resulted in him receiving the NobelPrize for economy just before meeting Hervé Raynaud who was atthat time a visiting professor at Berkeley University inCalifornia. Their mutual publications serve as the basis for theaxiomatic approach in multicriterion decision-making.