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Robust Decision
Robust decision-making (RDM) is an iterative decision analytics framework that aims to help identify potential robust strategies, characterize the vulnerabilities of such strategies, and evaluate the tradeoffs among them. RDM focuses on informing decisions under conditions of what is called "deep uncertainty", that is, conditions where the parties to a decision do not know or do not agree on the system models relating actions to consequences or the prior probability distributions for the key input parameters to those models. History A wide variety of concepts, methods, and tools have been developed to address decision challenges that confront a large degree of uncertainty. One source of the name "robust decision" was the field of robust design popularized primarily by Genichi Taguchi in the 1980s and early 1990s. Jonathan Rosenhead and colleagues were among the first to lay out a systematic decision framework for robust decisions, in their 1989 book ''Rational Analysis for a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Analysis
Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum expected-utility axiom to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision maker, and other corporate and non-corporate stakeholders. History In 1931, mathematical philosopher Frank Ramsey pioneered the idea of subjective probability as a representation of an individual’s beliefs or uncertainties. Then, in the 1940s, mathematician John von Neumann and economist Oskar Morgenstern developed an axiomatic basis for utility theory as a way of expressing an individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climatic Change (journal)
''Climatic Change'' is a biweekly peer-reviewed scientific journal published by Springer Science+Business Media covering cross-disciplinary work on all aspects of climate change and variability. It was established in 1978 and the editors-in-chief are Michael Oppenheimer (Princeton University) and Gary Yohe (Wesleyan University Wesleyan University ( ) is a private liberal arts university in Middletown, Connecticut. Founded in 1831 as a men's college under the auspices of the Methodist Episcopal Church and with the support of prominent residents of Middletown, the col ...). Abstracting and indexing The journal is abstracted and indexed in: References External links * {{Official website, https://www.springer.com/journal/10584 English-language journals Climatology journals Springer Science+Business Media academic journals Monthly journals Publications established in 1978 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
System Dynamics
System dynamics (SD) is an approach to understanding the nonlinear behaviour of complex systems over time using stocks, flows, internal feedback loops, table functions and time delays. Overview System dynamics is a methodology and mathematical modeling technique to frame, understand, and discuss complex issues and problems. Originally developed in the 1950s to help corporate managers improve their understanding of industrial processes, SD is currently being used throughout the public and private sector for policy analysis and design. Convenient graphical user interface (GUI) system dynamics software developed into user friendly versions by the 1990s and have been applied to diverse systems. SD models solve the problem of simultaneity (mutual causation) by updating all variables in small time increments with positive and negative feedbacks and time delays structuring the interactions and control. The best known SD model is probably the 1972 ''The Limits to Growth''. This model f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Problem Structuring Methods
Problem structuring methods (PSMs) are a group of techniques used to model or to map the nature or structure of a situation or state of affairs that some people want to change. PSMs are usually used by a group of people in collaboration (rather than by a solitary individual) to create a consensus about, or at least to facilitate negotiations about, what needs to change. Some widely adopted PSMs include soft systems methodology, the strategic choice approach, and strategic options development and analysis (SODA). Unlike some problem solving methods that assume that all the relevant issues and constraints and goals that constitute the problem are defined in advance or are uncontroversial, PSMs assume that there is no single uncontested representation of what constitutes the problem. PSMs are mostly used with groups of people, but PSMs have also influenced the coaching and counseling of individuals. History The term "problem structuring methods" as a label for these techniques bega ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Design Rationale
A design rationale is an explicit documentation of the reasons behind decisions made when designing a system or artifact. As initially developed by W.R. Kunz and Horst Rittel, design rationale seeks to provide argumentation-based structure to the political, collaborative process of addressing wicked problems. Overview A design rationale is the explicit listing of decisions made during a design process, and the reasons why those decisions were made.Jarczyk, Alex P.; Löffler, Peter; Shipman III, Frank M. (1992), "Design Rationale for Software Engineering: A Survey", ''25th Hawaii International Conference on System Sciences'', 2, pp. 577-586 Its primary goal is to support designers by providing a means to record and communicate the argumentation and reasoning behind the design process.Horner, J.; Atwood, M.E. (2006), "Effective Design Rationale: Understanding the Barriers", in Dutoit, A.H.; McCall, R.; Mistrík, I. et al., Rationale Management in Software Engineering, Springer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Python (programming Language)
Python is a high-level, general-purpose programming language. Its design philosophy emphasizes code readability with the use of significant indentation. Python is dynamically-typed and garbage-collected. It supports multiple programming paradigms, including structured (particularly procedural), object-oriented and functional programming. It is often described as a "batteries included" language due to its comprehensive standard library. Guido van Rossum began working on Python in the late 1980s as a successor to the ABC programming language and first released it in 1991 as Python 0.9.0. Python 2.0 was released in 2000 and introduced new features such as list comprehensions, cycle-detecting garbage collection, reference counting, and Unicode support. Python 3.0, released in 2008, was a major revision that is not completely backward-compatible with earlier versions. Python 2 was discontinued with version 2.7.18 in 2020. Python consistently ranks as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delft University Of Technology
Delft University of Technology ( nl, Technische Universiteit Delft), also known as TU Delft, is the oldest and largest Dutch public technical university, located in Delft, Netherlands. As of 2022 it is ranked by QS World University Rankings among the top 10 engineering and technology universities in the world. In the fields of architecture and civil engineering, it was ranked 2nd in the world, after MIT (Massachusetts Institute of Technology). With eight faculties and numerous research institutes, it has more than 26,000 students (undergraduate and postgraduate) and 6,000 employees (teaching, research, support and management staff). The university was established on 8 January 1842 by William II of the Netherlands as a Royal Academy, with the primary purpose of training civil servants for work in the Dutch East Indies. The school expanded its research and education curriculum over time, becoming a polytechnic school in 1864 and an institute of technology (making it a full-fledged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
R (programming Language)
R is a programming language for statistical computing and graphics supported by the R Core Team and the R Foundation for Statistical Computing. Created by statisticians Ross Ihaka and Robert Gentleman, R is used among data miners, bioinformaticians and statisticians for data analysis and developing statistical software. Users have created packages to augment the functions of the R language. According to user surveys and studies of scholarly literature databases, R is one of the most commonly used programming languages used in data mining. R ranks 12th in the TIOBE index, a measure of programming language popularity, in which the language peaked in 8th place in August 2020. The official R software environment is an open-source free software environment within the GNU package, available under the GNU General Public License. It is written primarily in C, Fortran, and R itself (partially self-hosting). Precompiled executables are provided for various operating systems. R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Environment Agency
The European Environment Agency (EEA) is the agency of the European Union (EU) which provides independent information on the environment. Definition The European Environment Agency (EEA) is the agency of the European Union (EU) which provides independent information on the environment. Its goal is to help those involved in developing, implementing and evaluating environmental policy, and to inform the general public. Organization The EEA was established by the European Economic Community (EEC) Regulation 1210/1990 (amended by EEC Regulation 933/1999 and EC Regulation 401/2009) and became operational in 1994, headquartered in Copenhagen, Denmark. The agency is governed by a management board composed of representatives of the governments of its 32 member states, a European Commission representative and two scientists appointed by the European Parliament, assisted by its Scientific Committee. The current Executive Director of the agency is Professor Hans Bruyninckx, who has be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operations Research (journal)
''Operations Research'' is a bimonthly peer-reviewed academic journal covering operations research that is published by the Institute for Operations Research and the Management Sciences. It was established in 1952 as the ''Journal of the Operations Research Society of America'' and obtained its current name in 1955. The editor-in-chief iJohn Birge(University of Chicago). Abstracting and indexing The journal is abstracted and indexed by ''Mathematical Reviews'', MathSciNet, Science Citation Index Expanded, Scopus, Social Sciences Citation Index, and ''Zentralblatt MATH''. According to the ''Journal Citation Reports'', the journal has a 2018 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as i ... of 2.604. References External links * Mathematics journals Publications est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Technological Forecasting And Social Change
''Technological Forecasting and Social Change'' (formerly ''Technological Forecasting'') is a peer-reviewed academic journal published by Elsevier which discusses futures studies, technology assessment, and technological forecasting. Articles focus on methodology and actual practice, and have been published since 1969. The editors-in-chief are Scott Cunningham (University of Strathclyde) and Mei-Chih Hu (National Tsing Hua University). According to the ''Journal Citation Reports'', the journal has a 2021 impact factor of 10.884. See also * ''Futures'' * ''Foresight'' *'' Futures & Foresight Science'' *''Journal of Futures Studies The ''Journal of Futures Studies'' (JFS) is a quarterly peer-reviewed academic journal in the discipline of futures studies. It is published by Tamkang University Press on behalf of the Graduate Institute of Futures Studies at Tamkang University i ...'' References External links * Futurology journals Elsevier academic journals English-language ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Satisficing
Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met. The term ''satisficing'', a portmanteau of ''satisfy'' and ''suffice'', was introduced by Herbert A. Simon in 1956, although the concept was first posited in his 1947 book ''Administrative Behavior''. Simon used satisficing to explain the behavior of decision makers under circumstances in which an optimal solution cannot be determined. He maintained that many natural problems are characterized by computational intractability or a lack of information, both of which preclude the use of mathematical optimization procedures. He observed in his Nobel Prize in Economics speech that "decision makers can satisfice either by finding optimum solutions for a simplified world, or by finding satisfactory solutions for a more realistic world. Neither approach, in general, dominates the other, and both have continued to co-exist in the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
