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Author : Hyok-Jon Dharma Kwon
Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (1 download)
Download or read book The Impact of Uncertainty on Operational Decisions written by Hyok-Jon Dharma Kwon and published by . This book was released on 2008 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Institute of Medicine
Publisher : National Academies Press
ISBN 13 : 0309290236
Total Pages : 280 pages
Book Rating : 4.3/5 (92 download)
Download or read book Environmental Decisions in the Face of Uncertainty written by Institute of Medicine and published by National Academies Press. This book was released on 2013-05-20 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Environmental Protection Agency (EPA) is one of several federal agencies responsible for protecting Americans against significant risks to human health and the environment. As part of that mission, EPA estimates the nature, magnitude, and likelihood of risks to human health and the environment; identifies the potential regulatory actions that will mitigate those risks and protect public health1 and the environment; and uses that information to decide on appropriate regulatory action. Uncertainties, both qualitative and quantitative, in the data and analyses on which these decisions are based enter into the process at each step. As a result, the informed identification and use of the uncertainties inherent in the process is an essential feature of environmental decision making. EPA requested that the Institute of Medicine (IOM) convene a committee to provide guidance to its decision makers and their partners in states and localities on approaches to managing risk in different contexts when uncertainty is present. It also sought guidance on how information on uncertainty should be presented to help risk managers make sound decisions and to increase transparency in its communications with the public about those decisions. Given that its charge is not limited to human health risk assessment and includes broad questions about managing risks and decision making, in this report the committee examines the analysis of uncertainty in those other areas in addition to human health risks. Environmental Decisions in the Face of Uncertainty explains the statement of task and summarizes the findings of the committee.
Author : Melanie E. Kreye
Publisher : Routledge
ISBN 13 : 1317005503
Total Pages : 162 pages
Book Rating : 4.3/5 (17 download)
Download or read book Uncertainty and Behaviour written by Melanie E. Kreye and published by Routledge. This book was released on 2016-04-14 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty affects us in our everyday lives, and in a wide range of situations but how do individuals and indeed organisations respond to uncertainty and how does it impact their decision-making and actions? Based on the latest developments in academic research, the author offers solid advice on how to manage uncertainty in every-day life, bringing a new perspective to these issues and extrapolating this to offer implications for an organisational and managerial context. The author brings this emerging area of research to a wider audience by: Tying together insights from various fields including psychology, engineering, business and management. Creating a framework for usefully applying the research concepts in every-day life. Extrapolating insights from the psychology of individual decision makers to the organisational context and managerial decision-making. Creating highly applicable and impactful recommendations for how managers, organisations, and every day people can understand and manage uncertainty in their life. The book is divided into two main parts. Part I deals with the behaviour of individuals facing uncertainty and includes accessible explanations and examples of every-day applications, while Part II deals with behaviour in organisations facing uncertainty, where insights from Part I are combined and related to the organisational and work context to explore how, for example, (mis)-perceptions and decision-making biases impact managerial life. This is a must read for both managers and those who are seeking to better understand their own behaviour and management approach.
Author : Vincent A. W. J. Marchau
Publisher : Springer
ISBN 13 : 3030052524
Total Pages : 408 pages
Book Rating : 4.0/5 (3 download)
Download or read book Decision Making under Deep Uncertainty written by Vincent A. W. J. Marchau and published by Springer. This book was released on 2019-04-04 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares.
Author : David E. Bell
Publisher : Thomson South-Western
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.3/5 (91 download)
Download or read book Decision Making Under Uncertainty written by David E. Bell and published by Thomson South-Western. This book was released on 1995 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: These authors draw on nearly 50 years of combined teaching and consulting experience to give readers a straightforward yet systematic approach for making estimates about the likelihood and consequences of future events -- and then using those assessments to arrive at sound decisions. The book's real-world cases, supplemented with expository text and spreadsheets, help readers master such techniques as decision trees and simulation, such concepts as probability, the value of information, and strategic gaming; and such applications as inventory stocking problems, bidding situations, and negotiating.
Author : Mykel J. Kochenderfer
Publisher : MIT Press
ISBN 13 : 0262331713
Total Pages : 350 pages
Book Rating : 4.2/5 (623 download)
Download or read book Decision Making Under Uncertainty written by Mykel J. Kochenderfer and published by MIT Press. This book was released on 2015-07-24 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to decision making under uncertainty from a computational perspective, covering both theory and applications ranging from speech recognition to airborne collision avoidance. Many important problems involve decision making under uncertainty—that is, choosing actions based on often imperfect observations, with unknown outcomes. Designers of automated decision support systems must take into account the various sources of uncertainty while balancing the multiple objectives of the system. This book provides an introduction to the challenges of decision making under uncertainty from a computational perspective. It presents both the theory behind decision making models and algorithms and a collection of example applications that range from speech recognition to aircraft collision avoidance. Focusing on two methods for designing decision agents, planning and reinforcement learning, the book covers probabilistic models, introducing Bayesian networks as a graphical model that captures probabilistic relationships between variables; utility theory as a framework for understanding optimal decision making under uncertainty; Markov decision processes as a method for modeling sequential problems; model uncertainty; state uncertainty; and cooperative decision making involving multiple interacting agents. A series of applications shows how the theoretical concepts can be applied to systems for attribute-based person search, speech applications, collision avoidance, and unmanned aircraft persistent surveillance. Decision Making Under Uncertainty unifies research from different communities using consistent notation, and is accessible to students and researchers across engineering disciplines who have some prior exposure to probability theory and calculus. It can be used as a text for advanced undergraduate and graduate students in fields including computer science, aerospace and electrical engineering, and management science. It will also be a valuable professional reference for researchers in a variety of disciplines.
Author : Gary S. Lynch
Publisher : Archway Publishing
ISBN 13 : 1480839388
Total Pages : 176 pages
Book Rating : 4.4/5 (88 download)
Download or read book Uncertainty Advantage written by Gary S. Lynch and published by Archway Publishing. This book was released on 2017-01-12 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty may sound scary, but todays best business leaders are navigating both to gain strategic advantage over competitorsand you can, too. This guide for business leaders examines risk and opportunity through the lens of some of the worlds most respected visionaries, including Howard Schultz, Andy Grove, Peter Huntsman, John Krafcik, Peter Leibinger, Doug Hepper, and many more. These visionaries looked beyond financial performance to see opportunitiesand they did so by understanding uncertainty. Then, they decisively acted to create measurable results that coincided with the future they envisioned. Find out how they did it, and learn how to: identify, define, and convert uncertainty into value; become more opportunistic when facing uncertainty; develop the skill to spot where advantages are likely to emerge; and create an environment where managers and leaders complement each other. Filled with case studies on companies such as Hyundai, Starbucks, Roche, and Intel, this guide delivers proven ways to create value and leverage uncertainty. It is the culmination of a decade of research and interaction with dozens of companies and growth leaders who prove that pursuing a market driven strategy to navigating uncertainty will gain measurable market advantage.
Author : Michael Freitag
Publisher : Springer Nature
ISBN 13 : 303088662X
Total Pages : 322 pages
Book Rating : 4.0/5 (38 download)
Download or read book Dynamics in Logistics written by Michael Freitag and published by Springer Nature. This book was released on 2021-12-02 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book highlights the interdisciplinary aspects of logistics research. Featuring empirical, methodological, and practice-oriented articles, it addresses the modelling, planning, optimization and control of processes. Chiefly focusing on supply chains, logistics networks, production systems, and systems and facilities for material flows, the respective contributions combine research on classical supply chain management, digitalized business processes, production engineering, electrical engineering, computer science and mathematical optimization. To celebrate 25 years of interdisciplinary and collaborative research conducted at the Bremen Research Cluster for Dynamics in Logistics (LogDynamics), in this book hand-picked experts currently or formerly affiliated with the Cluster provide retrospectives, present cutting-edge research, and outline future research directions.
Author : Kerstin Preuschoff
Publisher : Frontiers Media SA
ISBN 13 : 2889194663
Total Pages : 144 pages
Book Rating : 4.8/5 (891 download)
Download or read book Decision Making under Uncertainty written by Kerstin Preuschoff and published by Frontiers Media SA. This book was released on 2015-06-16 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between the magnitude of the expected rewards and the uncertainty of obtaining the rewards. For instance, a decision maker may choose to forgo the high expected rewards of investing in the stock market and settle instead for the lower expected reward and much less uncertainty of a savings account. Little is known about how different forms of uncertainty, such as risk or ambiguity, are processed and learned about and how they are integrated with expected rewards and individual preferences throughout the decision making process. With this Research Topic we aim to provide a deeper and more detailed understanding of the processes behind decision making under uncertainty.
Author : Mohammed Abdellaoui
Publisher : Springer Science & Business Media
ISBN 13 : 3540684360
Total Pages : 245 pages
Book Rating : 4.5/5 (46 download)
Download or read book Advances in Decision Making Under Risk and Uncertainty written by Mohammed Abdellaoui and published by Springer Science & Business Media. This book was released on 2008-08-29 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties turns out to be too rigid to take many tricky issues of choice under uncertainty into account. The good news is that we have now moved away from the early descriptively inadequate modeling of behavior. This book brings the reader into contact with the accomplished progress in individual decision making through the most recent contributions to uncertainty modeling and behavioral decision making. It also introduces the reader into the many subtle issues to be resolved for rational choice under uncertainty.
Author : Clinton W. Brownley
Publisher : Business Expert Press
ISBN 13 : 1606494538
Total Pages : 167 pages
Book Rating : 4.6/5 (64 download)
Download or read book Multi-objective Decision Analysis written by Clinton W. Brownley and published by Business Expert Press. This book was released on 2013-03-28 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether managing strategy, operations or products, knowing how to make the best decision in a complex, uncertain business environment is difficult. You might be faced with multiple, competing objectives, which means making trade-offs. To complicate matters, any uncertainty makes it hard to explicitly understand how different objectives will impact potential outcomes. This book will help you face these problems. It provides a decision analysis framework implemented as a simple spreadsheet tool. This multi-objective decision analysis framework helps you to measure trade-offs among objectives and incorporate uncertainties and risk preferences. With this book, you will be able to identify what information is needed to make a decision, define how that information should be combined, and, finally, provide quantifiable evidence to clearly communicate and justify the decision. The process involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. This process makes decision making more efficient by focusing only on information and factors that are well-defined, measureable, and relevant to the decision at hand. The framework requires clear characterization of a decision, ensuring that it can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can consistently make better decisions to gain competitive and strategic advantage.
Author : Professor David Buchanan
Publisher : SAGE Publications Ltd
ISBN 13 : 1446246051
Total Pages : 777 pages
Book Rating : 4.4/5 (462 download)
Download or read book The Sage Handbook of Organizational Research Methods written by Professor David Buchanan and published by SAGE Publications Ltd. This book was released on 2009-05-01 with total page 777 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SAGE Handbook of Organizational Research Methods provides a rich resource for organizational researchers, locating the technical aspects of organizational research in the wider context of the relevant personal, epistemological, theoretical, historical, ethical, and political issues. David Buchanan and Alan Bryman have gathered together many of the world's leading writers on theory, method, and analysis in organizational research and have made this the most comprehensive and cutting-edge volume in this ever-growing field.
Author : Gerry Johnson
Publisher : Cambridge University Press
ISBN 13 : 0521862930
Total Pages : 245 pages
Book Rating : 4.5/5 (218 download)
Download or read book Strategy as Practice written by Gerry Johnson and published by Cambridge University Press. This book was released on 2007-08-02 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an analysis of what managers actually do in relation to the development of strategy in organisations.
Author : John Friend
Publisher : Routledge
ISBN 13 : 1136373306
Total Pages : 412 pages
Book Rating : 4.1/5 (363 download)
Download or read book Planning Under Pressure written by John Friend and published by Routledge. This book was released on 2012-05-23 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Planning under Pressure offers managers, planners, consultants and students a comprehensive and authoritative guide to the Strategic Choice Approach, which has gradually been attracting worldwide recognition as a fresh, versatile and practical approach to collaborative decision-making under uncertainty. Starting from basic principles, the book uses helpful diagrams and clear explanations to demonstrate practical ways of approaching daunting decision problems; of devising possible ways forward; and of working effectively towards agreed courses of action. Along he way, decision makers are helped to cope with diverse sources of uncertainty – technical, political, managerial – in a strategic manner. In this extended third edition, the authors have added short contributions from 21 users from seven countries. These new contributors present lessons from their varied experiences in adapting the Strategic Choice Approach to guide decision-making and learning in settings ranging from the re-routing of a controversial city carnival procession to national policy for the management of nuclear waste.
Author : Biswadip Basu Mallik
Publisher : CRC Press
ISBN 13 : 1040102360
Total Pages : 277 pages
Book Rating : 4.0/5 (41 download)
Download or read book Deep Learning Concepts in Operations Research written by Biswadip Basu Mallik and published by CRC Press. This book was released on 2024-08-30 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: The model-based approach for carrying out classification and identification of tasks has led to the pervading progress of the machine learning paradigm in diversified fields of technology. Deep Learning Concepts in Operations Research looks at the concepts that are the foundation of this model-based approach. Apart from the classification process, the machine learning (ML) model has become effective enough to predict future trends of any sort of phenomena. Such fields as object classification, speech recognition, and face detection have sought extensive application of artificial intelligence (AI) and ML as well. Among a variety of topics, the book examines: An overview of applications and computing devices Deep learning impacts in the field of AI Deep learning as state-of-the-art approach to AI Exploring deep learning architecture for cutting-edge AI solutions Operations research is the branch of mathematics for performing many operational tasks in other allied domains, and the book explains how the implementation of automated strategies in optimization and parameter selection can be carried out by AI and ML. Operations research has many beneficial aspects for decision making. Discussing how a proper decision depends on several factors, the book examines how AI and ML can be used to model equations and define constraints to solve problems and discover proper and valid solutions more easily. It also looks at how automation plays a significant role in minimizing human labor and thereby minimizes overall time and cost.
Author : European Decision Sciences Institute
Publisher : FT Press
ISBN 13 : 0134051106
Total Pages : 574 pages
Book Rating : 4.1/5 (34 download)
Download or read book Research in the Decision Sciences for Innovations in Global Supply Chain Networks written by European Decision Sciences Institute and published by FT Press. This book was released on 2015-04-14 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume introduce powerful new innovations in global supply chain networks. The best papers from the 2014 annual conference of the European regional subdivision of the Decision Sciences Institute (EDSI), they analyze the latest global trends associated with: Sustainability and corporate social responsibility Applications in modeling and decision techniques Social network analysis for better decision-making Innovation and entrepreneurship Relationship management ERP/Enterprise Business Intelligence Globalized manufacturing Performance and revenue management Risk management Business innovation management Supply chain operations management, and more The papers collected here will be valuable to wide audiences of faculty, researchers, and students in diverse programs covering supply chain and/or operations management, and for others interested in the frontiers of decision science.
Author : Farhad Shahnia
Publisher : Springer Nature
ISBN 13 : 9819766230
Total Pages : 550 pages
Book Rating : 4.8/5 (197 download)
Download or read book Microgrids and Virtual Power Plants written by Farhad Shahnia and published by Springer Nature. This book was released on with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:
