Download or read book Decision Making Recent Developments and Worldwide Applications written by Stelios H. Zanakis and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter describes a study conducted at the Swinburne University of Technology in Australia, in their School of Business. The study was to explore the applicability of a judgment-analytic decision support system to the assessment of the likelihood of an applicant being selected for admission to the School's Graduate Certificate in Business Administration (GCBA) program. The likelihood of a program administrator selecting a particular applicant is directly linked to the assessment of the likelihood of that applicant's success in the GCBA program. The purpose of this study, in effect, was to analyze the administrative judgment process in assessment of an applicant's likelihood of success in the program. THE PROCESS OF HUMAN JUDGMENT Human judgment is a process through which an individual uses social infonnation to make decisions. The social infonnation is obtained from an individual's environment and is interpreted through the individual's cognitive image of the environment. The. cognitive image provides a representation of the environment based on past experiences and training, and essentially predisposes the person to respond to social infonnation in predictable ways. An individual's policies or beliefs about the environment represent these patterns. Human judgments are based then upon one's interpretation of available infonnation. They are probability statements about one's environment and how one reacts to it. This condition leads to the human judgment process being inherently limited. It is fundamentally a covert process. It is seldom possible for an individual to accurately describe his or her judgment process accurately.

Download or read book Fuzzy Multi Criteria Decision Making written by Cengiz Kahraman and published by Springer Science & Business Media. This book was released on 2008-08-09 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines all the fuzzy multicriteria methods recently developed, such as fuzzy AHP, fuzzy TOPSIS, interactive fuzzy multiobjective stochastic linear programming, fuzzy multiobjective dynamic programming, grey fuzzy multiobjective optimization, fuzzy multiobjective geometric programming, and more. Each of the 22 chapters includes practical applications along with new developments/results. This book may be used as a textbook in graduate operations research, industrial engineering, and economics courses. It will also be an excellent resource, providing new suggestions and directions for further research, for computer programmers, mathematicians, and scientists in a variety of disciplines where multicriteria decision making is needed.

Download or read book Portfolio Decision Analysis written by Ahti Salo and published by Springer Science & Business Media. This book was released on 2011-08-12 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portfolio Decision Analysis: Improved Methods for Resource Allocation provides an extensive, up-to-date coverage of decision analytic methods which help firms and public organizations allocate resources to 'lumpy' investment opportunities while explicitly recognizing relevant financial and non-financial evaluation criteria and the presence of alternative investment opportunities. In particular, it discusses the evolution of these methods, presents new methodological advances and illustrates their use across several application domains. The book offers a many-faceted treatment of portfolio decision analysis (PDA). Among other things, it (i) synthesizes the state-of-play in PDA, (ii) describes novel methodologies, (iii) fosters the deployment of these methodologies, and (iv) contributes to the strengthening of research on PDA. Portfolio problems are widely regarded as the single most important application context of decision analysis, and, with its extensive and unique coverage of these problems, this book is a much-needed addition to the literature. The book also presents innovative treatments of new methodological approaches and their uses in applications. The intended audience consists of practitioners and researchers who wish to gain a good understanding of portfolio decision analysis and insights into how PDA methods can be leveraged in different application contexts. The book can also be employed in courses at the post-graduate level.

Download or read book Rough Sets and Current Trends in Computing written by Shusaku Tsumoto and published by Springer. This book was released on 2004-06-16 with total page 871 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years rough set theory has attracted the attention of many researchers and practitioners all over the world, who have contributed essentially to its development and applications. Weareobservingagrowingresearchinterestinthefoundationsofroughsets, including the various logical, mathematical and philosophical aspects of rough sets. Some relationships have already been established between rough sets and other approaches, and also with a wide range of hybrid systems. As a result, rough sets are linked with decision system modeling and analysis of complex systems, fuzzy sets, neural networks, evolutionary computing, data mining and knowledge discovery, pattern recognition, machine learning, and approximate reasoning. In particular, rough sets are used in probabilistic reasoning, granular computing (including information granule calculi based on rough mereology), intelligent control, intelligent agent modeling, identi?cation of autonomous s- tems, and process speci?cation. Methods based on rough set theory alone or in combination with other - proacheshavebeendiscoveredwith awide rangeofapplicationsinsuchareasas: acoustics, bioinformatics, business and ?nance, chemistry, computer engineering (e.g., data compression, digital image processing, digital signal processing, p- allel and distributed computer systems, sensor fusion, fractal engineering), de- sion analysis and systems, economics, electrical engineering (e.g., control, signal analysis, power systems), environmental studies, informatics, medicine, mole- lar biology, musicology, neurology, robotics, social science, software engineering, spatial visualization, Web engineering, and Web mining.

Download or read book Transactions on Rough Sets IV written by James F. Peters and published by Springer. This book was released on 2005-11-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume IV of the Transactions on Rough Sets (TRS) introduces a number of new advances in the theory and application of rough sets. Rough sets and - proximationspaceswereintroducedmorethan30yearsagobyZdzis lawPawlak. These advances have profound implications in a number of research areas such as the foundations of rough sets, approximate reasoning, arti?cial intelligence, bioinformatics,computationalintelligence, cognitivescience, intelligentsystems, datamining,machineintelligence,andsecurity. Inaddition,itisevidentfromthe papers included in this volume that the foundations and applications of rough sets is a very active research area worldwide. A total of 16 researchers from 7 countries are represented in this volume, namely, Canada, India, Norway, S- den, Poland, Russia and the United States of America. Evidence of the vigor, breadth and depth of research in the theory and applications of rough sets can be found in the 10 articles in this volume. Prof. Pawlak has contributed a treatise on the philosophical underpinnings of rough sets. In this treatise, observations are made about the Cantor notion of a set, antinomies arising from Cantor sets, the problem of vagueness (es- cially, vague (imprecise) concepts), fuzzy sets, rough sets, fuzzy vs. rough sets as well as logic and rough sets. Among the many vistas and research directions suggested by Prof. Pawlak, one of the most fruitful concerns the model for a rough membership function, which was incarnated in many di?erent forms since its introduction by Pawlakand Skowronin 1994. Recall, here, that Prof.

Download or read book Governing And Managing Knowledge In Asia 2nd Edition written by Thomas Menkhoff and published by World Scientific. This book was released on 2010-01-29 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of knowledge for development now occupies a top position on the agenda of all Asian governments as well as large development organizations. This book reflects this mega-trend of development towards KBEs (Knowledge Based Economies). For this 2nd edition all chapters have been thoroughly edited and data, tables and graphs have been updated to reflect the latest available statistics. Trends have been re-evaluated and adjusted to reflect recent developments in the fast-moving scene of knowledge governance and knowledge management.

Download or read book New Methods and Applications in Multiple Attribute Decision Making MADM written by Alireza Alinezhad and published by Springer Nature. This book was released on 2019-08-23 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents 27 methods of the Multiple Attribute Decision Making (MADM), which are not discussed in the existing books, nor studied in details, using more applications. Nowadays, decision making is one of the most important and fundamental tasks of management as an organizational goal achievement that depends on its quality. Decision making includes the correct expression of objectives, determining different and possible solutions, evaluating their feasibility, assessing the consequences, and the results of implementing each solution, and finally, selecting and implementing the solution. Multiple Criteria Decision Making (MCDM) is sum of the decision making techniques. MCDM is divided into the Multiple Objective Decision Making (MODM) for designing the best solution and MADM for selecting the best alternative. Given that the applications of MADM are mostly more than MODM, wide various techniques have been developed for MADM by researchers over the last 60 years, and the current book introduces some of the other new MADM methods.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book Handbook of Decision Making written by Paul C. Nutt and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 723 pages. Available in PDF, EPUB and Kindle. Book excerpt: HANDBOOK OF DECISION MAKING This handbook offers a state-of-the-art overview of research and theories on decision making in organizations at the strategic level of analysis. Chapters are authored by leading international scholars, with some illustrative case vignettes from practitioners. Each contributor was selected for his/her special knowledge of the field. The Handbook addresses key questions confronting the decision making research of the past and the present, offers critiques, and suggests future research directions. Topics covered emphasize the classic decision theory perspectives while also incorporating recent insights from the fields of strategic choice, risk & uncertainty, scenario planning and complexity theory, with a broad social science perspective on the disciplinary roots of decision theory in economics, politics, and social theory. This is a landmark reference volume for the field, offering scholars and practitioners: Comprehensive, but accessible, coverage of classic and recent developments Chapters by established international experts Case analyses illustrating practical consequences of theories Guide to new research directions and theory

Download or read book New Concepts and Trends of Hybrid Multiple Criteria Decision Making written by Gwo-Hshiung Tzeng and published by CRC Press. This book was released on 2017-08-15 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: When people or computers need to make a decision, typically multiple conflicting criteria need to be evaluated; for example, when we buy a car, we need to consider safety, cost and comfort. Multiple criteria decision making (MCDM) has been researched for decades. Now as the rising trend of big-data analytics in supporting decision making, MCDM can be more powerful when combined with state-of-the-art analytics and machine learning. In this book, the authors introduce a new framework of MCDM, which can lead to more accurate decision making. Several real-world cases will be included to illustrate the new hybrid approaches.

Download or read book Decision Making for Biomass Based Production Chains written by Sebnem Yilmaz Balaman and published by Academic Press. This book was released on 2018-10-02 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-Making for Biomass-Based Production Chains: The Basic Concepts and Medothologies presents a comprehensive study of key-issues surrounding the integration of strategic, tactical and operational decision levels for supply chains in the biomass, biofuels and biorefining sectors. Comprehensive sections cover biomass resources, harvesting, collection, storage and distribution systems, along with the necessary technical and technological background of production systems. In addition, the basics of decision-making, problems and decision levels encountered in design, management and operation phases are covered. Case studies are supplied in each chapter, along with a discussion and comparative analysis of topics. The book presents a clear vision of advances in the field. Graduate students and those starting in this line of research will also find the necessary information on how to model this kind of complex system. Finally, this comprehensive resource can be used as a guide for non-expert industry decision-makers and government policymakers who need a thorough overview on the industry. Examines analytic methodologies for complex decision-making when designing, deploying and managing biomass and bio-based products supply chains Includes real-life examples of main sustainability indicators, standards and certification schemes from the European Union, United States and worldwide Explores the progress of decision-making procedures to provide a detailed perspective for effective selection of the most reliable solutions for each kind of problem Provides detailed, in-depth analyses of various models and frameworks for their implementation, challenges and solutions Presents multi-criteria and multi-objective decision-making and modeling approaches, including mathematical modeling, simulation-based modeling, and artificial intelligence-based modeling

Download or read book Advances in Cross Cultural Decision Making written by Sae Schatz and published by AHFE International (USA). This book was released on 2019-07-19 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cross-Cultural Decision Making (CCDM) research focuses on improved decision making across a variety of cultural constructs, including geographical, historical, sociological, organizational, team, and technology interactions. This includes the research of experts and industry practitioners from multidisciplinary backgrounds, including sociology, linguistics, human-computer interaction, human factors engineering, systems engineering, military science, psychology, neuroscience, instructional design, and education, who showcase the latest advances in our understanding of the role of culture on decision making in numerous settings. Improved decision making among members of diverse teams and within organizational systems, and innovative ways to measure and assess that process, comprise the foundation for many projects discussed in these volumes. The influence of culture on decision making is pervasive, as reflected in the diverse disciplines represented by those individuals and entities involved in sociocultural research and engineering. This CCDM book features papers that discuss emerging concepts, theories, and applications of cross-cultural decision making knowledge. The work described in these chapters reflects dedicated research by a wide range of expert academics and practitioners from around the world.

Download or read book New Perspectives in Multiple Criteria Decision Making written by Michalis Doumpos and published by Springer. This book was released on 2019-04-02 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides comprehensive coverage of the latest research on multiple criteria research analysis (MCDA) and related areas, gathering a collection of high-quality chapters prepared by leading scholars in the field. By covering the established streams in MCDA research and simultaneously exploring new and emerging areas of application, it offers a unique reference resource for the future development of MCDA. The book approaches MCDA as one of the most active areas in operations research and management science (OR/MS). It presents not only the significant advances achieved to date, but also the new opportunities and challenges arising for both the theory and practice of MCDA. Among many others, the book addresses behavioral and conceptual aspects of decision aiding and decision making, problem structuring issues in the framework of new technological and socio-economic advances, methodological and algorithmic advances for analytical modeling and decision aiding, as well as a number of new application areas in engineering, business, and the social sciences.

Download or read book Advances in Collective Decision Making written by Sascha Kurz and published by Springer Nature. This book was released on 2023-05-04 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents research on recent developments in collective decision-making. With contributions from leading scholars from a variety of disciplines, it provides an up-to-date overview of applications in social choice theory, welfare economics, and industrial organization. The contributions address, amongst others, topics such as measuring power, the manipulability of collective decisions, and experimental approaches. Applications range from analysis of the complicated institutional rules of the European Union to responsibility-based allocation of cartel damages or the design of webpage rankings. With its interdisciplinary focus, the book seeks to bridge the gap between different disciplinary approaches by pointing to open questions that can only be resolved through collaborative efforts.

Download or read book Improving Decision Making in Organisations written by Alan G. Lockett and published by Springer. This book was released on 2012-05-29 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: McrM has been an active research area for over 20 years and the previous conferences clearly showed a tremendous growth of interest. A variety of successful applications and recent developments of interactive computer software to support decision making confinn a sustained progress. We therefore decided to make our theme "Inlproving Decision Making in Organisations". '!he aim was to take stock of the impact of multicriteria concepts in organisations and to involve management practitioners from a wide range of backgrounds. To this end the conference was organised round five broad themes and papers were solicited on the following topics:- Psychology - how do individuals in practice use and relate to the methodologies. Organisation - how do our models fit into the decision making framework of real organisations. Application - how have the models been used in practice and what is the users view. Methodology - what are the new areas in model development. Related Areas - is there complementary work eg. Expert Systems which may be attempting to solve very similar problems. '!he call for papers produced an overwhelming response of over 100 papers. '!hey were from a variety of disciplines and applications, and we decided to devote approximately one day to each of the five areas. We are very impressed by the results which can be seen in this edited proceedings.

Download or read book International Environmental Law making and Diplomacy written by Tuomas Kuokkanen and published by Routledge. This book was released on 2016-01-29 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together contributions from diplomats, UN agency officials, lawyers and academics, this book provides insight into the evolution of international environmental law, diplomacy and negotiating techniques. Based on first-hand experiences and extensive research, the chapters offer a blend of practice and theory, history and analysis, presenting a range of historical episodes and nuances and drawing lessons for future improvements to the processes of law-making and diplomacy. The book represents a synthesis of the most important messages to emerge from the annual course on Multilateral Environmental Agreements, delivered to diplomats and negotiators from around the world for the last decade by the University of Eastern Finland and the United Nations Environment Programme. The book will be of interest as a guide for negotiators and as a supplementary textbook and a reference volume for a wide range of students of law and environmental issues.

Download or read book Multiple Criteria Decision Making for Sustainable Development written by Michalis Doumpos and published by Springer Nature. This book was released on 2022-01-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a rich collection of studies on the analysis of sustainable development from a multiple criteria decision-making (MCDM) perspective, written by some of the most prominent authors in the field of MCDM/A. The book constitutes a unique international reference guide to the analysis, measurement, and management of sustainability in a multidimensional decision analysis context. Chiefly intended for academics and policymakers, it reflects some of the latest methodological advances in decision-making, which are illustrated in real-life applications to sustainability-related topics in both the private and public sector.