Dynamic Decision Making

Author : Stephan Meisel
Publisher : Springer Science & Business Media
Page : 192 pages
File Size : 40,5 Mb
Release : 2011-06-23
Category : Business & Economics
ISBN : 9781461405054

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Anticipatory Optimization for Dynamic Decision Making by Stephan Meisel Pdf

The availability of today’s online information systems rapidly increases the relevance of dynamic decision making within a large number of operational contexts. Whenever a sequence of interdependent decisions occurs, making a single decision raises the need for anticipation of its future impact on the entire decision process. Anticipatory support is needed for a broad variety of dynamic and stochastic decision problems from different operational contexts such as finance, energy management, manufacturing and transportation. Example problems include asset allocation, feed-in of electricity produced by wind power as well as scheduling and routing. All these problems entail a sequence of decisions contributing to an overall goal and taking place in the course of a certain period of time. Each of the decisions is derived by solution of an optimization problem. As a consequence a stochastic and dynamic decision problem resolves into a series of optimization problems to be formulated and solved by anticipation of the remaining decision process. However, actually solving a dynamic decision problem by means of approximate dynamic programming still is a major scientific challenge. Most of the work done so far is devoted to problems allowing for formulation of the underlying optimization problems as linear programs. Problem domains like scheduling and routing, where linear programming typically does not produce a significant benefit for problem solving, have not been considered so far. Therefore, the industry demand for dynamic scheduling and routing is still predominantly satisfied by purely heuristic approaches to anticipatory decision making. Although this may work well for certain dynamic decision problems, these approaches lack transferability of findings to other, related problems. This book has serves two major purposes: ‐ It provides a comprehensive and unique view of anticipatory optimization for dynamic decision making. It fully integrates Markov decision processes, dynamic programming, data mining and optimization and introduces a new perspective on approximate dynamic programming. Moreover, the book identifies different degrees of anticipation, enabling an assessment of specific approaches to dynamic decision making. ‐ It shows for the first time how to successfully solve a dynamic vehicle routing problem by approximate dynamic programming. It elaborates on every building block required for this kind of approach to dynamic vehicle routing. Thereby the book has a pioneering character and is intended to provide a footing for the dynamic vehicle routing community.

Author : Boris GELFAND
Publisher : Unknown
Page : 0 pages
File Size : 41,8 Mb
Release : 2017-08-02
Category : Chess
ISBN : 1784830127

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Dynamic Decision Making in Chess by Boris GELFAND Pdf

In Dynamic Decision Making in Chess former World Championship Challenger Boris Gelfand continues his investigation into decision-making at the top level, discussing some of his best games as well as his worst slips, giving the reader a unique insight into the mind of a world-class grandmaster.

Author : Johanna Helena Kerstholt,José H. Kerstholt
Publisher : Unknown
Page : 147 pages
File Size : 42,5 Mb
Release : 1996
Category : Electronic
ISBN : 9090092560

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Dynamic Decision Making by Johanna Helena Kerstholt,José H. Kerstholt Pdf

Author : Michael J. Driver,Kenneth R. Brousseau,Phillip L. Hunsaker
Publisher : iUniverse
Page : 294 pages
File Size : 50,5 Mb
Release : 1998
Category : Business & Economics
ISBN : 9781583480052

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The Dynamic Decision Maker by Michael J. Driver,Kenneth R. Brousseau,Phillip L. Hunsaker Pdf

The insights offered in this book are intended to guarantee the reader a more successful career. It is written especially for managers and executives whose jobs require managing people successfully, but it is also written for anyone who must make decisions that involve other people. The authors discuss the decision styles and habits that people form and how to change decision-making habits where necessary. The models and techniques for decision making presented here have been used throughout the world in all kinds of businesses and government agencies. Decision style concepts can benefit anyone, from a new management trainee or MBA student to the CEO of a large firm.

Author : Herbert Dawid,Karl F. Doerner,Gustav Feichtinger,Peter M. Kort,Andrea Seidl
Publisher : Springer
Page : 527 pages
File Size : 43,6 Mb
Release : 2016-09-15
Category : Business & Economics
ISBN : 9783319391205

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Dynamic Perspectives on Managerial Decision Making by Herbert Dawid,Karl F. Doerner,Gustav Feichtinger,Peter M. Kort,Andrea Seidl Pdf

This volume collects research papers addressing topical issues in economics and management with a particular focus on dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of the contributions ranges from daily operational challenges firms face to strategic choices in dynamic industry environments and the analysis of optimal growth paths. The volume also highlights recent methodological developments in the areas of dynamic optimization, dynamic games and meta-heuristics, which help to improve our understanding of (optimal) decision making in a fast evolving economy.

Author : Rick Evertsz,John Thangarajah,Thanh Ly
Publisher : Springer
Page : 104 pages
File Size : 47,9 Mb
Release : 2019-03-23
Category : Computers
ISBN : 9783319951959

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Practical Modelling of Dynamic Decision Making by Rick Evertsz,John Thangarajah,Thanh Ly Pdf

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.

Author : Carol McCann,Ross Pigeau
Publisher : Springer Science & Business Media
Page : 439 pages
File Size : 45,5 Mb
Release : 2012-12-06
Category : Psychology
ISBN : 9781461542292

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The Human in Command by Carol McCann,Ross Pigeau Pdf

This book brings together experienced military leaders and researchers in the human sciences to offer current operational experience and scientific thought on the issue of military command, with the intention of raising awareness of the uniquely human aspects of military command. It includes chapters on the personal experiences of senior commanders, new concepts and treatises on command theory, and empirical findings from experimental studies in the field.

Author : John E. Silvia
Publisher : John Wiley & Sons
Page : 400 pages
File Size : 53,9 Mb
Release : 2011-08-09
Category : Business & Economics
ISBN : 9780470920510

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Dynamic Economic Decision Making by John E. Silvia Pdf

A comprehensive analysis of the macroeconomic and financial forces altering the economic landscape Financial decision-making requires one to anticipate how their decision will not only affect their business, but also the economic environment. Unfortunately, all too often, both private and public sector decision-makers view their decisions as one-off responses and fail to see their decisions within the context of an evolving decision-making framework. In Decision-Making in a Dynamic Economic Setting, John Silvia, Chief Economist of Wells Fargo and one of the top 5 economic forecasters according to Bloomberg News and USA Today, skillfully puts this discipline in perspective. Details realistic, decision-making approaches and applications under a broad set of economic scenarios Analyzes monetary policy and addresses the impact of financial regulations Examines business cycles and how to identify economic trends, how to deal with uncertainty and manage risk, the building blocks of growth, and strategies for innovation Decision-Making in a Dynamic Economic Setting details the real-world application of economic principles and financial strategy in making better business decisions.

Author : Paul Preuss
Publisher : Routledge
Page : 143 pages
File Size : 47,7 Mb
Release : 2013-09-27
Category : Education
ISBN : 9781317924135

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Data-Driven Decision Making and Dynamic Planning by Paul Preuss Pdf

This book will help you understand how to integrate data-based decisions into the daily work of the school. It is a practical and relevant handbook for converting data into wise decision-making and planning. It will give you the skills to successfully make data-based decisions, measure student learning and program effectiveness, evaluate student progress, use data to improve instruction, integrate a "Dynamic Planning" process into the daily operation of your school.

Author : Robert E. Hall
Publisher : Princeton University Press
Page : 152 pages
File Size : 48,9 Mb
Release : 2010-02-08
Category : Business & Economics
ISBN : 9781400835263

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Forward-Looking Decision Making by Robert E. Hall Pdf

Individuals and families make key decisions that impact many aspects of financial stability and determine the future of the economy. These decisions involve balancing current sacrifice against future benefits. People have to decide how much to invest in health care, exercise, their diet, and insurance. They must decide how much debt to take on, and how much to save. And they make choices about jobs that determine employment and unemployment levels. Forward-Looking Decision Making is about modeling this individual or family-based decision making using an optimizing dynamic programming model. Robert Hall first reviews ideas about dynamic programs and introduces new ideas about numerical solutions and the representation of solved models as Markov processes. He surveys recent research on the parameters of preferences--the intertemporal elasticity of substitution, the Frisch elasticity of labor supply, and the Frisch cross-elasticity. He then examines dynamic programming models applied to health spending, long-term care insurance, employment, entrepreneurial risk-taking, and consumer debt. Linking theory with data and applying them to real-world problems, Forward-Looking Decision Making uses dynamic optimization programming models to shed light on individual behaviors and their economic implications.

Author : Jochen Gerber,Hanjo Arms,Mathias Wiecher,Christian Danner
Publisher : Springer
Page : 156 pages
File Size : 54,7 Mb
Release : 2014-09-25
Category : Business & Economics
ISBN : 9783642543623

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Leveraging Flexibility by Jochen Gerber,Hanjo Arms,Mathias Wiecher,Christian Danner Pdf

What is the probability of your operations achieving the desired profitability? What role does flexibility play in your business plans? Have you ever considered its value in concrete terms? Being able to react to the unexpected by taking a strategic change of course can prove to be the salvation of a company and its leaders. Flexibility, risk, probability and their interrelated value are the key components of Dynamic Decision Management (DDM), a breakthrough approach to validating your decision making process and ensuring the desired results. Using the DDM approach, the well-known and widely accepted complex methods involving scenario building become obsolete. Why? Because DDM does the unthinkable: It integrates the influence of uncertainty and entrepreneurial flexibility in the strategic decision making process and does so with precision.

Author : Santos, Ieda M.,Ali, Nagla,Areepattamannil, Shaljan
Publisher : IGI Global
Page : 346 pages
File Size : 48,5 Mb
Release : 2018-11-23
Category : Education
ISBN : 9781522570196

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Interdisciplinary and International Perspectives on 3D Printing in Education by Santos, Ieda M.,Ali, Nagla,Areepattamannil, Shaljan Pdf

Although 3D printing technologies are still a rarity in many classrooms and other educational settings, their far-reaching applications across a wide range of subjects make them a desirable instructional aid. Effective implementation of these technologies can engage learners through project-based learning and exploration of objects. Interdisciplinary and International Perspectives on 3D Printing in Education is a collection of advanced research that facilitates discussions on interdisciplinary fields and international perspectives, from kindergarten to higher education, to inform the uses of 3D printing in education from diverse and broad perspectives. Covering topics such as computer-aided software, learning theories, and educational policy, this book is ideally designed for educators, practitioners, instructional designers, and researchers.

Author : Bodo Glaser
Publisher : Springer Science & Business Media
Page : 257 pages
File Size : 49,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642561009

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Efficiency versus Sustainability in Dynamic Decision Making by Bodo Glaser Pdf

To all who taught me, and to all who will. Over the past fifteen years the notions of efficiency and sustainability have, more than any others, influenced the academic and public discussion concerning the intertemporal allocation of resources, especially as regards the economics of growth and environment. This treatise formally develops and counterposes these notions by means of the construct of a trajectorial objective, which is here developed, along with its implications, as a natural advance upon the classical scalar objective. In the course of this study it becomes clear that efficiency and sustainability are by no means identical, given that efficiency, on the one hand, is the concept for avoiding wasteful behavior, and sustainability, on the other, is the concept for ensuring that certain critical aspiration levels, which usually reflect the wish for survival, are maintained. Nonetheless, contrary to what may be assumed, these two concepts do not generally yield mutually exclusive solutions; in fact, they can be combined to complement each other in the quest for unimprovable long-term solutions which sustain given and necessary aspiration levels. This treatise develops and analyzes dynamic decision models (DDM) with one trajectorial objective according to the methodology of multi criteria decision making (MCDM). Moreover, introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs in the case of a nonexistent utopia trajectory as well as in the case of sustainability as objective.

Author : Hassan Qudrat-Ullah
Publisher : Springer Nature
Page : 85 pages
File Size : 51,5 Mb
Release : 2019-08-30
Category : Mathematics
ISBN : 9783030281663

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Improving Human Performance in Dynamic Tasks by Hassan Qudrat-Ullah Pdf

This book is about improving human decision making and performance in complex, dynamic tasks. The defining characteristics of a dynamic decision task are that there are a number of decisions required, that decisions are interdependent and that the environment in which the decision is made is transient and feedback is pervasive. Examples of dynamic tasks include the sustainable management of renewable resources and how businesses might allocate resources for research and development (R&D) projects. Decision making in dynamic tasks can be improved through training with system dynamics–based interactive learning environments (ILE’s) that include systematic debriefing. Some key features of the book include its didactic approach, numerous tables, figures, and the multidimensional evaluative model. Researchers can use the developed “evaluation model” to gauge various decision-aiding technologies. How to Improve Human Performance in Dynamic Tasks appeals to those interested in the design and evaluation of simulation-based decision support systems, as well as policy makers, students, researchers, and industrialists concerned by the issue of improving human performance in organizational tasks.

Author : Tilmann Betsch,Susanne Haberstroh
Publisher : Psychology Press
Page : 423 pages
File Size : 53,5 Mb
Release : 2014-04-04
Category : Business & Economics
ISBN : 9781135622947

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The Routines of Decision Making by Tilmann Betsch,Susanne Haberstroh Pdf

Experience is currently a hot theme in decision making. For a long time, decision research was almost exclusively focused on new decisions and neglected the importance of experience. It took the field until the 1990s for a new direction in research and theorizing to become visible in the literature. There are parallel movements happening in sociology, political science, social psychology, and business. The purpose of this edited book is to provide a balanced and representative overview of what is currently known about the dynamics of experienced-based decision making. The chapters are written by renowned experts in the field and provide the latest theoretical developments, integrative frameworks, and state-of-the-art reviews of research in the laboratory and in the field.