The third edition of "Quantitative Methods for Business Decisions" has been updated to reflect the changing approach to quantitative information. The ability to use computer based methods and the ability to present the outcome of computer based analysis are seen as increasingly important. The coverage of matrices has been extended to form a new chapter, and the construction of decision trees, non-parametric statistical tests and modelling of queues added to existing chapters. There is a new chapter on simulation to reflect the business importance of this modelling technique. The book is recommended reading for a wide range of courses, including BTEC programmes, degree courses and MBA courses. The book has been designed to give a step-by-step development of the use of mathematics and statistics. The final part of the book has been extended to include a diagnostic mathematics test and two typical in-course assignments.
Good introduction to the topic Very educations / academic in style, i.e. loads of examples and case studies, but also loads of blurp. Good if you are a student, I think, while, I needed this as a refresher, and would have liked it to be more concise and to the point. But as I said a solid introduction / refresher.
Where I think this fall short is - as many books it doesn't always get the balance right: so there is a first chapter explaining to us the basic rules of algrebra, and that a+b = b+a, and what x in y=xm means. The next chapter talks about NPV and IRR. Really? Something is a bit off there... This can be found all over the book, and in fact many books have this issue: It is just easier to write about simple things than complex things, so writer whaffle about the basics, and they: hey, here we go, there is the complex stuff. And you as the reader wonder whether you have missed the point or are just not bright enough to understand the transition from simple to complex. - one of the worst layouts / designs I have seen in a long time, in best tradition of many academic books - a bit patronising in tone - I personally found the mix of chapters in the book, case studies and examples in the book, digtial / online resources in addition tedious. Come on, let's not overdue it, please?
I get the impression that most of what I am criticising above is endemic regarding academic books, and that Universities like books with educational 'features' (there is an entire chapter in this book talkign about its 'features' I did you know). And only those that tick the box will make it on their reading lists, independent on whether they are actually written well...