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The Dynamic Decisionmaker

The Dynamic Decisionmaker
Author: Michael J. Driver
Publisher: HarperCollins Publishers
Total Pages: 296
Release: 1990
Genre: Business & Economics
ISBN: 9780887302978

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Practical Modelling of Dynamic Decision Making

Practical Modelling of Dynamic Decision Making
Author: Rick Evertsz
Publisher: Springer
Total Pages: 104
Release: 2019-03-23
Genre: Computers
ISBN: 3319951955

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This book presents TDF (Tactics Development Framework), a practical methodology for eliciting and engineering models of expert decision-making in dynamic domains. The authors apply the BDI (Beliefs, Desires, Intentions) paradigm to the elicitation and modelling of dynamic decision making expertise, including team behaviour, and map it to a diagrammatic representation that is intuitive to domain experts. The book will be of value to researchers and practitioners engaged in dynamic decision making.


Practical Modelling of Dynamic Decision Making

Practical Modelling of Dynamic Decision Making
Author: Rick Evertsz
Publisher:
Total Pages: 104
Release: 2019
Genre: Decision making
ISBN: 9783319951966

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This book presents TDF (Tactics Development Framework), a practical methodology for eliciting and engineering models of expert decision-making in dynamic domains. The authors apply the BDI (Beliefs, Desires, Intentions) paradigm to the elicitation and modelling of dynamic decision making expertise, including team behaviour, and map it to a diagrammatic representation that is intuitive to domain experts. The book will be of value to researchers and practitioners engaged in dynamic decision making.


Decision Making

Decision Making
Author: Fausto Pedro García Márquez
Publisher: BoD – Books on Demand
Total Pages: 66
Release: 2018-09-19
Genre: Psychology
ISBN: 1789237955

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Decision Making is a book where each chapter has been contributed to by a different author(s). The book synthesizes the analytical principles with business practice of Decision Making. Specifically, the book provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning abilities of decision making. It is complementary to other sub-disciplines such as economics, finance, marketing, decision and risk analysis, etc. The chapters introduce and demonstrate decision making theory in practical case studies. It demonstrates key results for each sector with diverse real-world case studies. The theory is accompanied by relevant analysis techniques, with a progressional approach building from simple theory to complex and dynamic decisions with multiple data points, including big data, etc. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems with defined constraints and requirements.


Complex Decision Making

Complex Decision Making
Author: Hassan Qudrat-Ullah
Publisher: Springer
Total Pages: 338
Release: 2007-09-22
Genre: Business & Economics
ISBN: 3540736654

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Today's ever more complex world creates challenges for decision makers. This volume reviews the principles underlying complex decision making, the handling of uncertainties in dynamic environments, and the various modeling approaches. Beginning with a discussion of the underlying concepts, theories and empirical evidence, the book gives you a range of practical tools and techniques for decision making in complex environments and systems.


Dynamic Modeling for Business Management

Dynamic Modeling for Business Management
Author: Bernard McGarvey
Publisher: Springer Science & Business Media
Total Pages: 320
Release: 2006-05-04
Genre: Mathematics
ISBN: 0387215565

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Modelling is a tool used by savvy business managers to understand the processes of their business and to estimate the impact of changes. Dynamic Modelling for Business Management applies dynamic modelling to business management, using accessible modelling techniques that are demonstrated starting with fundamental processes and advancing to more complex business models. Discussions of modelling emphasize its practical use for decision making and implementing change for measurable results. Readers will learn about both manufacturing and service-oriented business processes using hands-on lessons. Then will then be able to manipulate additional models to try out their knowledge and address issues specific to their own businesses and interests. Some of the topics covered include workflow management, supply-chain-management, and strategy.


Discrete-Event Simulation and System Dynamics for Management Decision Making

Discrete-Event Simulation and System Dynamics for Management Decision Making
Author: Sally Brailsford
Publisher: John Wiley & Sons
Total Pages: 342
Release: 2014-03-31
Genre: Technology & Engineering
ISBN: 1118762754

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In recent years, there has been a growing debate, particularly in the UK and Europe, over the merits of using discrete-event simulation (DES) and system dynamics (SD); there are now instances where both methodologies were employed on the same problem. This book details each method, comparing each in terms of both theory and their application to various problem situations. It also provides a seamless treatment of various topics--theory, philosophy, detailed mechanics, practical implementation--providing a systematic treatment of the methodologies of DES and SD, which previously have been treated separately.


Wharton on Making Decisions

Wharton on Making Decisions
Author: Stephen J. Hoch
Publisher: John Wiley & Sons
Total Pages: 352
Release: 2002-03-14
Genre: Business & Economics
ISBN: 0471150819

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Perspectives from leaders in decision science at Wharton Organized in part through Wharton's Risk Management and Decision Processes Center, the book assembles leading researchers from Wharton's business faculty who demonstrate how to apply the latest approaches in decision-making from four perspectives: personal, managerial, negotiator, and consumer. Each chapter describes how decisions are actually made, presents the ideal scenario, and then provides practical suggestions for improvement. The subjects range from when consumers will choose variety, integrating intuition into decisions, and applying game theory and strategic decisions, to decision factors in negotiations and how choices are made about insurance and health care.


An Integrated Approach to Dynamic Decision Making Under Uncertainty

An Integrated Approach to Dynamic Decision Making Under Uncertainty
Author: Tze-Yun Leong
Publisher:
Total Pages: 176
Release: 1994
Genre: Decision making
ISBN:

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Abstract: "Decision making is often complicated by the dynamic and uncertain information involved. This work unifies and generalizes the major approaches to modeling and solving a sub-class of such decision problems. The relevant problem characteristics include discrete problem parameters, separable optimality functions, and sequential decisions made in stages. The relevant approaches include semi-Markov decision processes, dynamic decision modeling, and decision-theoretic planning. An analysis of current decision frameworks establishes a unifying task definition and a common vocabulary; the exercise also identifies the trade-off between model transparency and solution efficiency as their most significant limitation. Insights gained from the analysis lead to a new methodology for dynamic decision making under uncertainty. The central ideas involved are multiple perspective reasoning and incremental language extension. Multiple perspective reasoning supports different information visualization formats for different aspects of dynamic decision modeling. Incremental language extension promotes the use of translators to enhance language ontology and facilitate practical development. DynaMoL is a language design that adopts the proposed paradigm; it differentiates inferential and representational support for the modeling task from the solution or computation task. The dynamic decision grammar defines an extensible decision ontology and supports problem specification with multiple interfaces. The graphical presentation convention governs parameter visualization in multiple perspectives. The mathematical representation as semi-Markov decision process facilitates formal model analysis and admits multiple solution methods. A general translation technique is devised for the different perspectives and representations of the decision factors and constraints. DynaMoL is evaluated on a prototype implementation, via a comprehensive case study in medicine. The case study is based on an actual treatment planning decision for a patient with atrial fibrillation. The problems addressed include both long-term discrimination and short-term optimization of different treatment strategies. The results demonstrate practical promise of the framework."


Decision Making under Deep Uncertainty

Decision Making under Deep Uncertainty
Author: Vincent A. W. J. Marchau
Publisher: Springer
Total Pages: 408
Release: 2019-04-04
Genre: Business & Economics
ISBN: 3030052524

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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.