Managing Uncertainty

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Managing Uncertainty

Author : Michel Syrett
Publisher : The Economist
ISBN 13 : 1610395131
Total Pages : 224 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Managing Uncertainty by : Michel Syrett

Download or read book Managing Uncertainty written by Michel Syrett and published by The Economist. This book was released on 2014-02-25 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing uncertainty has become a new business imperative. Technological discontinuities, regulatory upheavals, geopolitical shocks, abrupt shifts in consumer tastes or behavior, and many other factors have emerged or intensified in recent years and together conspire to undermine even the most carefully constructed business strategies. Managing Uncertainty: Strategies for Surviving and Thriving in Turbulent Times addresses these new challenges, assessing the sources of business turbulence, how to classify uncertainty, and the different ways in which uncertainty can be embraced to allow greater innovation and growth. Drawing on examples from around the world, the book presents the most recent ideas on what it means to manage uncertainty, from practitioners, academics, and consultants. Addresses the challenges of managing uncertainty in business Presents a step-by-step guide to managing business uncertainty Draws examples from major international companies, including Intel, Procter & Gamble, Siemens, Boeing, Quinetiq, Philips, China Telecom, Ford, Apple, Shell, Glaxo SmithKline and many more Written for business leaders and managers looking for new ways to ensure that their businesses continue to thrive in a world of increasing complexity, Managing Uncertainty presents new and innovative ideas about reducing risk by understanding difficult-to-predict shifts.

Managing Uncertainty

Author : Richard Jenkins
Publisher : Museum Tusculanum Press
ISBN 13 : 9788772899633
Total Pages : 292 pages
Book Rating : 4.8/5 (996 download)

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Book Synopsis Managing Uncertainty by : Richard Jenkins

Download or read book Managing Uncertainty written by Richard Jenkins and published by Museum Tusculanum Press. This book was released on 2005 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overall focus of this book is the ways humans deal with life conditions, with destiny, uncertainty and misfortune - how we try to control the risks of living through medicines, technologies and magic. When dealing with questions of health and illness rational solutions and meaningful explanations may be hard to find, and treatment efforts are often guided just as much by hope as by rational choice. Evaluating the risks of illness is just one of a number of ways in which human beings attempt to exert some sense of control over their lives. New methods of testing for ills and new developments in, for example, genetic screening and in vitro fertilisation combined with the growing demands of well-informed patients seem to have turned concern from the actual problems of specific diseases toward controlling life and the risks of living in general. The chapters of this book reflect a common effort to transgress the limits of the medical by drawing on a fundamental concern with the logic of social and cultural practice. The book represents a de-medicalization of medical anthropology and a return to some of the classic themes in anthropology but with a different approach, emphasizing subjectivity, intentionality and agency.

Managing Project Uncertainty

Author : David Cleden
Publisher : Routledge
ISBN 13 : 1351920413
Total Pages : 131 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Managing Project Uncertainty by : David Cleden

Download or read book Managing Project Uncertainty written by David Cleden and published by Routledge. This book was released on 2017-03-02 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dealing effectively with uncertainty requires today's project manager to be familiar with a broad spectrum of strategies, encompassing both 'hard' and 'soft' methods. This theme of unified thinking (i.e. the need to selectively draw upon a wide range of strategies in any given situation) will differentiate the book from its contemporaries. By picking up where traditional risk management techniques begin to fail, it brings together leading-edge thinking from a variety of disciplines and shows how these techniques can be used to conquer uncertainty in projects. The ability to make good decisions when faced with uncertainty is the real challenge. It is a universal truth that a decision is only as good as the information it is based on. But good information is often hard to come by, and all projects are vulnerable to the unknown and the unknowable. Thus, uncertainty becomes the sworn enemy of the project manager. Wherever we try to analyse, quantify, plan and act, uncertainty lies in wait to surprise us with its ambiguity and unpredictability. It lurks in every stage of the project lifecycle: in the planning (how long will this really take?), the initiation (this isn't the situation I expected!), the execution (who could have foreseen that happening?), and even the completion of a project (where are the expected benefits?). But managing uncertainty is a lot more than just applying risk management techniques. It requires a deep appreciation of how uncertainty arises and, by recognising its different guises, the appropriate strategies can be formulated. If we can learn how to reduce uncertainty, we can make better management decisions and increase the chances of the project succeeding. This book addresses five key questions: ¢ Why is there uncertainty in projects? ¢ How do you spot the symptoms of uncertainty, preferably at an early stage? ¢ What can be done to avoid uncertainty? ¢ What strategies can be used to deal with project uncertainty? ¢ How can both the individual and the organisation learn to cope more effectively in the future? The reader is assumed to be a either a project management professional, or a senior manager looking for ways to improve project management strategy within their organisation. As such, a foundation in project management basics is assumed, although not essential. The book then builds on this by exposing new ideas and concepts, and shows how these can be harnessed to tackle uncertainty in its many guises.

Managing Risk and Uncertainty

Author : Richard Friberg
Publisher : MIT Press
ISBN 13 : 0262528193
Total Pages : 395 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Managing Risk and Uncertainty by : Richard Friberg

Download or read book Managing Risk and Uncertainty written by Richard Friberg and published by MIT Press. This book was released on 2015-11-13 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Managing in Uncertainty

Author : Chris Mowles
Publisher : Routledge
ISBN 13 : 1317550358
Total Pages : 189 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Managing in Uncertainty by : Chris Mowles

Download or read book Managing in Uncertainty written by Chris Mowles and published by Routledge. This book was released on 2015-03-24 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reality of everyday organizational life is that it is filled with uncertainty, contradictions and paradoxes. Yet leaders and managers are expected to act as though they can predict the future and bring about the impossible: that they can transform themselves and their colleagues, design different cultures, choose the values for their organization, be innovative, control conflict and have inspiring visions. Whilst managers will have had lots of experiences of being in charge, they probably realise that they are not always in control. So how might we frame a much more realistic account of what’s possible for managers to achieve? Many managers are implicitly aware of their messy reality, but they rarely spend much time reflecting on what it is that they are actually doing. Drawing on insights from the complexity sciences, process sociology and pragmatic philosophy, Chris Mowles engages directly with some principal contradictions of organizational life concerning innovation, culture change, conflict and leadership. Mowles argues that if managers proceed from the expectation that organizational life as inherently uncertain, and interactions between people are complex and often paradoxical, they start noticing different things and create possibilities for acting in different ways. Managing in Uncertainty will be of interest to practitioners, advanced students and researchers looking at management and organizational studies from a critical perspective.

Managing Uncertainty in Organizational Communication

Author : Michael W. Kramer
Publisher : Routledge
ISBN 13 : 1135613915
Total Pages : 274 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Managing Uncertainty in Organizational Communication by : Michael W. Kramer

Download or read book Managing Uncertainty in Organizational Communication written by Michael W. Kramer and published by Routledge. This book was released on 2014-04-04 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Michael W. Kramer applies uncertainty reduction theory (URT)--a key theory in current communication scholarship--to the context of organizational communication. Examining URT and the range of research applicable to organizational settings, Kramer proposes a groundbreaking theory of managing uncertainty (TMU), which synthesizes prior research while also addressing its criticisms. Examples are provided to illustrate the principles of the TMU at both the individual and collective (group/organizational) levels of analysis. Original studies based on the theory show that it provides a useful extension of URT, addressing some concerns raised by critics of that earlier model. Kramer illustrates that, as a model in progress, TMU will change as new research and insights build upon it. Managing Uncertainty in Organizational Communication assists readers in understanding and researching uncertainty in communication, which encourages additional changes and improvements to the model. It is of primary interest to scholars, researchers, and practitioners in organizational, interpersonal, and group communication.

Management of Uncertainty

Author : Gudela Grote
Publisher : Springer Science & Business Media
ISBN 13 : 1848823738
Total Pages : 199 pages
Book Rating : 4.8/5 (488 download)

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Book Synopsis Management of Uncertainty by : Gudela Grote

Download or read book Management of Uncertainty written by Gudela Grote and published by Springer Science & Business Media. This book was released on 2009-09-17 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: As I write, the financial systems of the world are collapsing with still no clear indication of what the consequences will be and which measures should be taken to avoid such a crisis in the future. There seems to be agreement though, that the financial instruments introduced in the past few decades entailed far too much complexity and uncertainty and that there was too little regulatory control over the use of these instruments. Management of uncertainty with the aim of achieving self-control is the core concern of this book. It was not written with a focus on financial systems, but many concepts developed in this book are applicable to this field as well. The - neric principles of reducing, maintaining or increasing uncertainties in view of the different contingencies an organization is faced with, the fundamental issue of how much control is possible and who should be in control, and the question of how much and what kind of regulation is necessary with the overall aim of finding an appropriate balance between system stability and flexibility are at the centre of heated debates on the future of finance.

Business Strategy

Author : J.-C. Spender
Publisher :
ISBN 13 : 0199686548
Total Pages : 339 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Business Strategy by : J.-C. Spender

Download or read book Business Strategy written by J.-C. Spender and published by . This book was released on 2014 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emphasising that firms face uncertainties and unknowns, this book argues that the core of strategic thinking and processes rests on the organization and its leaders developing newly imagined solutions to the opportunities that these uncertainties open up. It presents new approaches for managers, consultants, strategy teachers and students.

Uncertainty

Author : Millett Granger Morgan
Publisher : Cambridge University Press
ISBN 13 : 9780521427449
Total Pages : 354 pages
Book Rating : 4.4/5 (274 download)

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Book Synopsis Uncertainty by : Millett Granger Morgan

Download or read book Uncertainty written by Millett Granger Morgan and published by Cambridge University Press. This book was released on 1990 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: A risk analysis textbook which is intended as a basic text for students as well as a reference for practitioners and researchers. It provides a basis for policy analysis and draws upon a variety of case studies.

Managing Legal Uncertainty

Author : Ronen Shamir
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Managing Legal Uncertainty by : Ronen Shamir

Download or read book Managing Legal Uncertainty written by Ronen Shamir and published by . This book was released on 1995 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the New Deal came a dramatic expansion of the American regulatory state. Threatening to undermine many of the traditional roles of the legal system and its actors by establishing a system of administrative law, the new emphasis on federal legislation as a form of social and economic planning ushered in an era of "legal uncertainty." In this study Ronen Shamir explores how elite corporate lawyers and the American Bar Association clashed with academic legal realists over the constitutionality of the New Deal's legislative program. Applying the insights of Weber and Bourdieu to the sociology of the legal profession, Shamir shows that elite members of the bar had a keen self-interest in blocking the expansion of administrative law. He dismisses as oversimplified the view that elite lawyers were "hired guns" who argued that New Deal legislation was unconstitutional solely because of their duty to represent their capitalist clients. Instead, Shamir suggests, their alignment with the capitalist class was an incidental result of their attempt to articulate their vision of the law as scientific, apolitical, and judicially oriented--and thereby to defend their own position within the law profession. The academic legal realists on the other side of the constitutional debates criticized the rigidity of the traditional judicial process and insisted that flexibility of interpretation and the uncertainty of legal outcomes was at the heart of the legal system. The author argues that many legal realists, encouraged by the experimental nature of the New Deal, seized an opportunity to improve on their marginal status within the legal profession by moving their discussions from academic circles to the national policy agenda.

Managing Uncertainty

Author : Michel Syrett
Publisher : John Wiley & Sons
ISBN 13 : 1118166523
Total Pages : 130 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Managing Uncertainty by : Michel Syrett

Download or read book Managing Uncertainty written by Michel Syrett and published by John Wiley & Sons. This book was released on 2012-10-04 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to understanding and responding to business uncertainty in the twenty-first century Managing uncertainty has become a new business imperative. Technological discontinuities, regulatory upheavals, geopolitical shocks, abrupt shifts in consumer tastes or behavior, and many other factors have emerged or intensified in recent years and together conspire to undermine even the most carefully constructed business strategies. Managing Uncertainty: Strategies for Surviving and Thriving in Turbulent Times addresses these new challenges, assessing the sources of business turbulence, how to classify uncertainty, and the different ways in which uncertainty can be embraced to allow greater innovation and growth. Drawing on examples from around the world, the book presents the most recent ideas on what it means to manage uncertainty, from practitioners, academics, and consultants. Addresses the challenges of managing uncertainty in business Presents a step-by-step guide to managing business uncertainty Draws examples from major international companies, including Intel, Procter & Gamble, Siemens, Boeing, Philips, Ford, Apple, and many more Written for business leaders and managers looking for new ways to ensure that their businesses continue to thrive in a world of increasing complexity, Managing Uncertainty presents new and innovative ideas about reducing risk by understanding difficult-to-predict shifts.

Managing Uncertainty in Crisis

Author : Xiaoli Lu
Publisher : Springer
ISBN 13 : 9811039909
Total Pages : 256 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Managing Uncertainty in Crisis by : Xiaoli Lu

Download or read book Managing Uncertainty in Crisis written by Xiaoli Lu and published by Springer. This book was released on 2017-11-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the variety of organizational strategies selected to cope with critical uncertainties during crises. This research formulates and applies an institutional sense-making model to explain the selection of strategies for coping with uncertainties during crises to answer the question why some organizations select a rule-based strategy to cope with uncertainties, whereas others pursue a more ad hoc-based strategy. It finds that the level of institutionalization does not affect strategy selection in the initial phase of responding to crises; that three rigidity effects can be identified in the selection of sense-making strategies once organizations have faced the failure of their selected strategies; that discontinuities in the feedback loop of sense-making do not necessarily move organizations to switch their sense-making strategies, but interact with institutionalization to contribute to switching sense-making strategies. This book bridges the gap between institutional thinking and crisis management theorizing. A major step forward in the world of crisis management studies! ——Professor Arjen Boin, Leiden University, the Netherlands In a world of increasingly complex, sociotechnical systems interacting in high-risk environments, Professor Lu’s analysis of how organizations manage uncertainty is both timely and profound. ——Professor Louise K. Comfort, Director, Center for Disaster Management, University of Pittsburgh, USA Prof. Lu greatly enhances our understanding of how organizations cope with uncertainty and make sense of their challenges under the pressures of catastrophe. ——Dr. Arnold M. Howitt, Faculty Co-Director, Program on Crisis Leadership, Harvard Kennedy School, USA This book provides not only a theory of crisis management but also a key concept around which research and practice can be conducted. ——Professor Naim Kapucu, Director of School of Public Administration, University of Central Florida, USA A generic institutional model for analyzing and managing hazards, disasters and crises worldwide. ——Professor Joop Koppenjan, Erasmus University Rotterdam, the Netherlands This book has done an excellent job in opening the black box of how organizations make sense of the crisis situations they face and develop strategies to respond. It should be read by all of us who wish for a peaceful and safe world. ——Professor Lan Xue, Dean of School of Public Policy and Management, Tsinghua University, China

Wicked Environmental Problems

Author : Peter J. Balint
Publisher : Island Press
ISBN 13 : 1610910478
Total Pages : 267 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Wicked Environmental Problems by : Peter J. Balint

Download or read book Wicked Environmental Problems written by Peter J. Balint and published by Island Press. This book was released on 2012-06-22 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Wicked" problems are large-scale, long-term policy dilemmas in which multiple and compounding risks and uncertainties combine with sharply divergent public values to generate contentious political stalemates; wicked problems in the environmental arena typically emerge from entrenched conflicts over natural resource management and over the prioritization of economic and conservation goals more generally. This new book examines past experience and future directions in the management of wicked environmental problems and describes new strategies for mitigating the conflicts inherent in these seemingly intractable situations. The book: reviews the history of the concept of wicked problems examines the principles and processes that managers have applied explores the practical limitations of various approaches Most important, the book reviews current thinking on the way forward, focusing on the implementation of "learning networks," in which public managers, technical experts, and public stakeholders collaborate in decision-making processes that are analytic, iterative, and deliberative. Case studies of forest management in the Sierra Nevada, restoration of the Florida Everglades, carbon trading in the European Union, and management of the Ngorongoro Conservation Area in Tanzania are used to explain concepts and demonstrate practical applications. Wicked Environmental Problems offers new approaches for managing environmental conflicts and shows how managers could apply these approaches within common, real-world statutory decision-making frameworks. It is essential reading for anyone concerned with managing environmental problems.

The Innovator's Method

Author : Nathan Furr
Publisher : Harvard Business Review Press
ISBN 13 : 1625271476
Total Pages : 281 pages
Book Rating : 4.6/5 (252 download)

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Book Synopsis The Innovator's Method by : Nathan Furr

Download or read book The Innovator's Method written by Nathan Furr and published by Harvard Business Review Press. This book was released on 2014-08-19 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever come up with an idea for a new product or service but didn’t take any action because you thought it would be too risky? Or at work, have you had what you thought could be a big idea for your company—perhaps changing the way you develop or distribute a product, provide customer service, or hire and train your employees? If you have, but you haven’t known how to take the next step, you need to understand what the authors call the innovator’s method—a set of tools emerging from lean start-up, design thinking, and agile software development that are revolutionizing how new ideas are created, refined, and brought to market. To date these tools have helped entrepreneurs, designers, and software developers manage uncertainty—through cheap and rapid experiments that systematically lower failure rates and risk. But many managers and leaders struggle to apply these powerful tools within their organizations, as they often run counter to traditional managerial thinking and practice. Authors Nathan Furr and Jeff Dyer wrote this book to address that very problem. Following the breakout success of The Innovator’s DNA—which Dyer wrote with Hal Gregersen and bestselling author Clay Christensen to provide a framework for generating ideas—this book shows how to make those ideas actually happen, to commercialize them for success. Based on their research inside corporations and successful start-ups, Furr and Dyer developed the innovator’s method, an end-to-end process for creating, refining, and bringing ideas to market. They show when and how to apply the tools of their method, how to adapt them to your business, and how to answer commonly asked questions about the method itself, including: How do we know if this idea is worth pursuing? Have we found the right solution? What is the best business model for this new offering? This book focuses on the “how”—how to test, how to validate, and how to commercialize ideas with the lean, design, and agile techniques successful start-ups use. Whether you’re launching a start-up, leading an established one, or simply working to get a new product off the ground in an existing company, this book is for you.

Managing Uncertainty in Expert Systems

Author : Jerzy W. Grzymala-Busse
Publisher : Springer Science & Business Media
ISBN 13 : 146153982X
Total Pages : 242 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Managing Uncertainty in Expert Systems by : Jerzy W. Grzymala-Busse

Download or read book Managing Uncertainty in Expert Systems written by Jerzy W. Grzymala-Busse and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3. Textbook for a course in expert systems,if an emphasis is placed on Chapters 1 to 3 and on a selection of material from Chapters 4 to 7. There is also the option of using an additional commercially available sheU for a programming project. In assigning a programming project, the instructor may use any part of a great variety of books covering many subjects, such as car repair. Instructions for mostofthe "weekend mechanic" books are close stylisticaUy to expert system rules. Contents Chapter 1 gives an introduction to the subject matter; it briefly presents basic concepts, history, and some perspectives ofexpert systems. Then itpresents the architecture of an expert system and explains the stages of building an expert system. The concept of uncertainty in expert systems and the necessity of deal ing with the phenomenon are then presented. The chapter ends with the descrip tion of taxonomy ofexpert systems. Chapter 2 focuses on knowledge representation. Four basic ways to repre sent knowledge in expert systems are presented: first-order logic, production sys tems, semantic nets, and frames. Chapter 3 contains material about knowledge acquisition. Among machine learning techniques, a methodofrule learning from examples is explained in de tail. Then problems ofrule-base verification are discussed. In particular, both consistency and completeness oftherule base are presented.

Managing in Uncertainty: Theory and Practice

Author : Constantin Zopounidis
Publisher : Springer Science & Business Media
ISBN 13 : 9780792351108
Total Pages : 560 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Managing in Uncertainty: Theory and Practice by : Constantin Zopounidis

Download or read book Managing in Uncertainty: Theory and Practice written by Constantin Zopounidis and published by Springer Science & Business Media. This book was released on 1998-08-31 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a new point of view on the subject of the management of uncertainty. It covers a wide variety of both theoretical and practical issues involving the analysis and management of uncertainty in the fields of finance, management and marketing. Audience: Researchers and professionals from operations research, management science and economics.

Progressive Manufacturing

Author : Soli J. Engineer
Publisher : J. Ross Publishing
ISBN 13 : 9781932159295
Total Pages : 306 pages
Book Rating : 4.1/5 (592 download)

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Book Synopsis Progressive Manufacturing by : Soli J. Engineer

Download or read book Progressive Manufacturing written by Soli J. Engineer and published by J. Ross Publishing. This book was released on 2005-02-15 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, manufacturers have beensearching for solutions to their inventory, delivery,cost, and quality woes. Few organizations have madeserious inroads with the methods of the moment and thewoes linger on. This book provides innovative and elegantsolutions to these and other perennial problems faced byorganizations. ......