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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
The book addresses the vital issue of how business leaders can prepare themselves to deal with the impact of unexpected events. It raises key questions for leaders to address if they are to avoid being distracted by crisis and remain in touch with a wider context that is subject to constant uncertainty and change.
Entrepreneurs and innovators are trained to run fast, but...Are you running in the right direction? Choosing the right market for your innovation is the biggest, and trickiest, question for innovators. Research has shown that all too often entrepreneurs don’t spend enough time researching their opportunities – instead they jump at the first opportunity that looks good, and fail to properly evaluate and leverage other opportunities. These common mistakes mean that you often choose the wrong market or attempt to pursue too many opportunities at once. Where to Play helps you to set a promising strategy, by giving a clear, structured and practical framework- the Market Opportunity Navigator- to better identify, evaluate and focus on the right market opportunities. With three dedicated and reusable worksheets covering: 1.Market Opportunity Set – assess your core strengths and identify which market opportunities exist for your business 2.Attractiveness Map – evaluate your market opportunities to reveal the most attractive option for focus 3.Agile Focus Strategy – create a strategic plan for your chosen market opportunity that keeps you open-minded and agile Get the most value for your innovations with Where to Play.
This book provides a broad coverage of the recent advances in robustness analysis in decision aiding, optimization, and analytics. It offers a comprehensive illustration of the challenges that robustness raises in different operations research and management science (OR/MS) contexts and the methodologies proposed from multiple perspectives. Aside from covering recent methodological developments, this volume also features applications of robust techniques in engineering and management, thus illustrating the robustness issues raised in real-world problems and their resolution within advances in OR/MS methodologies. Robustness analysis seeks to address issues by promoting solutions, which are acceptable under a wide set of hypotheses, assumptions and estimates. In OR/MS, robustness has been mostly viewed in the context of optimization under uncertainty. Several scholars, however, have emphasized the multiple facets of robustness analysis in a broader OR/MS perspective that goes beyond the traditional framework, seeking to cover the decision support nature of OR/MS methodologies as well. As new challenges emerge in a "big-data'" era, where the information volume, speed of flow, and complexity increase rapidly, and analytics play a fundamental role for strategic and operational decision-making at a global level, robustness issues such as the ones covered in this book become more relevant than ever for providing sound decision support through more powerful analytic tools.
Learning plays a fundamental role in the production planning and growth of all organizations. With the need for more rapid changes in the global economy, the management of organizational change is a key factor in sustaining competitiveness in today's economy. This book has been developed with these learning needs' in mind. Human Learning: From Learning Curves to Learning Organizations covers a broad range of learning models and related topics beginning with learning curves to recent research on learning organizations. The book's focus is to enable researchers and practitioners to forecast any organization's learning needs' using the prediction aspects of an array of learning models. The book includes research and application discussions on topics such as accounting for previous experience; the learning-forgetting-relearning' phenomenon; parameter estimation with no previous experience; DeJong's incompressibility model; predictive learning models requiring only two learning parameters; long learning cycle times; the speed-error relationship; evaluating the cost of learning from the point of view of safety; and an examination of Learning Organizations. Each chapter is developed from published research and worked examples are used throughout.
Improving service and profits should be the constant aim of the operation side of any company. Beatriz Munoz Seca and Josep Riverola uncover the role of knowledge and problem solving as the cornerstones of the improvement process. They present the logic of the situation and show practical ways to implement the approach. Managing the knowledge process and involving the whole company in problem solving are the keys to success. Also the book presents and develops the concept of Problem Driven Management (PDM) as a new approach to Operations. MARKET 1: Researchers, Academics and Libraries in Universities and Business and Management Schools, especially on Operations Management and Knowledge Management programmes; Managers interested in Operations Management and Knowledge Management MARKET 2: Supplementary reading for MBA students interested in Operations Management and Knowledge Management
Technology currently encourages the capture and storage of vast quantities of data and information and so thinkers, reasoners, and decision-makers have available large resources to support their tasks. At the same time, there is a need to engage with an enormous range of complex issues that require reasoning and decisions that are actionable to address them. Approaches for Community Decision Making and Collective Reasoning: Knowledge Technology Support acts to provide knowledge for each individual in a group with the broad structural wealth of reasoning. It also acts as an explicit structure that technological devices for supporting reasoning within a group can hook onto. If you are interested in how groups can structure their activities towards making better decisions or in developing technologies for the support of decision-making in groups, then this book is an excellent way to understand the state of the art and possible ways forward.
This book is a seminal contribution to decision making theory through its study of management decision making in six Beijing state enterprises during the period 1985 to 1989, when the government adopted decentralization as the key to reforming state industries. Through interviews, document surveys and analysis, the author provides a unique insight into not only the changes, but also the complex relations among managers, the Communist Party organization and planning authorities. Readers will gain a richer understanding of Chinese management issues and society.
The purpose of this book is to provide readers with an introduction to the fields of decision making, location analysis, and project and machine scheduling. The combination of these topics is not an accident: decision analysis can be used to investigate decision seenarios in general, location analysis is one of the prime examples of decision making on the strategic Ievel, project scheduling is typically concemed with decision making on the tactical Ievel, and machine scheduling deals with decision making on the operational Ievel. Some of the chapters were originally contributed by different authors, and we have made every attempt to unify the notation, style, and, most importantly, the Ievel of the exposition. Similar to our book on Integer Programming and Network Models (Eiselt and Sandblom, 2000), the emphasis of this volume is on models rather than solution methods. This is particularly important in a book that purports to promote the science of decision making. As such, advanced undergraduate and graduate students, as weil as practitioners, will find this volume beneficial. While different authors prefer different degrees of mathematical sophistication, we have made every possible attempt to unify the approaches, provide clear explanations, and make this volume accessible to as many readers as possible.
The challenges that firms managing global work face are many. In addition to geographical and time zone differences, global firms face cultural differences. This book highlights the importance of organizing knowledge processes to overcome challenges involved in global work. It provides frameworks and tools that enable the reader to consider how to strike a balance between these knowledge processes. The book is a must read of practitioners, academics or students concerned with managing knowledge processes in globally distributed work
Reliability, Maintainability, and Supportability play a crucial role in achieving a competitive product. While manufacturing costs are important for the success of a product, they are not the sole domains in realizing its competitive edge. Improved manufacturing and operating quality and performance coupled with reduced acquisition cost and in-service cost of ownership are important in achieving business success. It is the early phase of design which offers the greatest opportunity to address these requirements, and thus create life cycle effectiveness. The main objective of Reliability, Maintenance and Logistic Support - A Life Cycle Approach is to provide an integrated approach to reliability, maintainability, maintenance and logistic support analysis. We not only look at the ways we can improve the design process to ensure the product offers value for money, but we also consider how the owners can get the most from these products once they have entered service. The approach provides a meaningful way of integrating reliability, maintenance and supportability to enhance the product performance and sales opportunities. Hence, the book covers the following objectives: (1) Introduce the concepts of reliability, maintainability and supportability and their role in the system life cycle and effectiveness. (2) Introduce the basic probability and statistical techniques that are essential for modelling reliability, maintainability and supportability problems. (3) Introduce reliability measures: how to predict them; how to determine from in-service real-world data; how to use them. (4) Analysis of advanced models in Reliability. (5) Discuss basic and advanced concepts in both maintainability and maintenance including preventive, corrective and condition based maintenance. (6) Discuss maintenance management and optimization concepts, such as reliability-centered maintenance and age-related maintenance. (7) Provide basic concepts in supportability and Integrated logistic support. (8) Discuss techniques for design for reliability, maintainability and supportability. (9) Analysis of simple and advanced models in spares forecasting and optimization. (10) Discuss data analysis, data management and data mining techniques.
The proceedings contain lectures and short papers presented at the NATO Advanced Study Institute on "Reliability Theory and Its Application in Structural and Soil Me chanics", Bornholm, Denmark, August 31 -September 9,1982. The proceedings are organized in two parts. The first part contains 12 papers by the invited lecturers and the second part contains 23 papers by participants plus one paper from an invited lecturer (la~e arrival). The Institute dealt with specific topics on application of modem reliability theories in structural engineering and soil mechanics. Both fundamental theory and more ad vanced theory were covered. Lecture courses were followed by tutorial and summary discussions with active participation of those attending the Institute. Special lectures of topical subjects were given by a number of invited speake~, leading to plenary dis cussions and summary statements on important aspects of application of modem .re liability theory in structural engineering and soil mechanics. A great number of the participants presented brief reports of their own research activities.
Enterprise Modelling (EM) methods are frequently used by entrepreneurs as an analysis tool for describing and redesigning their businesses. The resulting product, an enterprise model, is commonly used as a blueprint for reconstructing organizations and such effort is often a part of business process re-engineering and improvement initiatives. Automating Business Modelling describes different techniques of providing automated support for enterprise modelling methods and introduces universally used approaches. A running example of a business modelling method is included; providing a framework and detailed explanation as to how to construct automated support for modelling, allowing readers to follow the method to create similar support. Suitable for senior undergraduates and postgraduates of Business Studies, Computer Science and Artificial Intelligence, practitioners in the fields of Knowledge Management, Enterprise Modelling and Software Engineering, this book offers insight and know-how to both student and professional.
Knowledge Management is a vast and diverse topic that must be addressed by all modern industrial companies, from the smallest SMEs to the most complex organizations. Knowledge is a critical and strategic asset and the key to competitiveness in the modern manufacturing environment, as it facilitates capacities essential for achieving the required responsiveness, flexibility, agility and innovation. Nevertheless, knowledge itself is difficult to explicate and capture, and often can be recognized only in the improvements it brings to products, technologies and enterprise organizations. Four years ago, members of the CIRP community submitted a proposal to the 6th EU Framework Programme to establish a Network of Excellence (NoE). The European Community accepted this proposal, and thus the Virtual Research Laboratory - Knowledge Community in Production (VRL-KCiP) network was launched. The network set out to create a Knowledge Community in Production that would provide support and knowledge to EU industry. This goal was achieved thanks to (a) the ongoing cooperation and collaboration among the network partners, who represent leading universities worldwide, and (b) additional strong member partnerships with laboratories outside of Europe (Japan, Australia, South Africa, USA, and others). The main efforts of the VRL-KCiP NoE were aimed at aiding European manufacturing industry in defining and structuring its strategic knowledge in order to meet worldwide strategic challenges. These challenges, detailed below, have remained constant over the four years of the network s activities:
As a result of these challenges, over the past 30 years knowledge management (KM) has become a major issue in Europe, in academia as well as in industry. Indeed, firms have recognized that cultivating the "knowledge resource" is essential for management as well as for operations. The aim of this book is to help readers understand the complex topic of knowledge. Moreover, it underlines why knowledge is one of the most important strategic issues in achieving future manufacturing competitiveness. The book is a collection of 34 complementary contributions written by researchers from multinational locations and multidisciplinary perspectives. This book is unique in that it is based on the collective experience of these researchers and represents the status and current issues in the study and implementation of Knowledge Management today. The book describes fundamental concepts in knowledge and knowledge management and provides several case studies in the fields of design and manufacturing. In particular, the book presents several very original examples of knowledge management and knowledge sharing in the context of European manufacturing. Actual experiences and feedbacks are presented with respect to knowledge engineering approaches for design, manufacturing, and more generally for enterprise engineering. Moreover, methods and tools for knowledge integration within the extended enterprise and the value chain are described, and the role of knowledge management and documents in supporting radical innovation projects is also highlighted. The book discusses ontology, which constitutes the basis for formalizing and mapping knowledge from different points of view. Concrete examples are described and elaborated, mainly with respect to product, process and resource description and management along the lifecycle of mechanical systems. Moreover, the book outlines the knowledge management efforts within the VRL-KCiP network. These efforts include (a) realizing a common knowledge management capability in the multilingual, multinational, multidisciplinary distributed research lab, and (b) developing a knowledge map, which now forms the basis for efficient collaboration within the VRL-KCiP consortium. In addition, the benefits of developing networks of experts and shared knowledge among multi-cultural communities are highlighted. It is our hope that this book will offer you new insight into the topic of knowledge management in the European manufacturing context."
This text examines new research at the interface of operations research, behavioral and cognitive sciences, and decision analysis. From the cognitive behaviorist who collects empirical evidence as to how people make decisions to the engineer and economist who are the consumers of such understanding, the reader encounters the familiar Traveling Salesman Problem and Prisoner's dilemma, how agricultural decisions are made in Argentina's Pampas region, and some social goals that come into play as an element of rational decision-making. In these 14 self-contained chapters, broad topics covered include the integration of decision analysis and behavioral models, innovations in behavioral models, exploring descriptive behavior models, and experimental studies.
This volume addresses the subject of uncertainty from the point of view of an extended conception of rationality. In particular, the contributions explore the premises and implications of plausible reasoning when probabilities are non-measurable or unknown, and when the space of possible events is only partially identified.
Many of the environmental impacts made by organisations are created by early strategic planning, marketing and design decisions. This book encourages managers and students of management to explore how and when environmental decisions are made in organisations. It introduces them to the processes and tools they can use to change the environmental direction of their organisation and reduce its environmental impact on the earth. It guides the reader down the track whose destination is ecological sustainability.
Ira Horowitz Depending upon one's perspective, the need to choose among alternatives can be an unwelcome but unavoidable responsibility, an exciting and challenging opportunity, a run-of-the-mill activity that one performs seem ingly "without thinking very much about it," or perhaps something in between. Your most recent selections from a restaurant menu, from a set of jobs or job candidates, or from a rent-or-buy or sell-or-Iease option, are cases in point. Oftentimes we are involved in group decision processes, such as the choice of a president, wherein one group member's unwelcome responsibility is another's exciting opportunity. Many of us that voted in the presidential elections of both 1956 and 1984, irrespective of political affiliation, experienced both emotions; others just pulled the lever or punched the card without thinking very much about it. Arriving at either an individual or a group decision can sometimes be a time consuming, torturous, and traumatic process that results in a long regretted choice that could have been reached right off the bat. On other occasions, the "just let's get it over with and get out of here" solution to a long-festering problem can yield rewards that are reaped for many 1 ORGANIZATION AND DECISION THEORY 2 years to come. One way or another, however, individuals and organiza tions somehow manage to get the decision-making job done, even if they don't quite understand, and often question, just how this was accomplished."
Decision & Control in Management Science analyzes emerging decision problems in the management and engineering sciences. It is divided into five parts. The first part explores methodological issues involved in the optimization of deterministic and stochastic dynamical systems. The second part describes approaches to the model energy and environmental systems and draws policy implications related to the mitigation of pollutants. The third part applies quantitative techniques to problems in finance and economics, such as hedging of options, inflation targeting, and equilibrium asset pricing. The fourth part considers a series of problems in production systems. Optimization methods are put forward to provide optimal policies in areas such as inventory management, transfer-line, flow-shop and other industrial problems. The last part covers game theory. Chapters range from theoretical issues to applications in politics and interactions in franchising systems. Decision & Control in Management Science is an excellent reference covering methodological issues and applications in operations research, optimal control, and dynamic games.
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Because of the dramatic changes that economic deregulation has caused in the electricity industry and the widespread social concern about nuclear power safety, Effects of Deregulation on Safety is extremely timely. Effects of Deregulation on Safety uses case studies of the effects of deregulation on the U.S. air and rail industries and the United Kingdom nuclear power industry, as a basis for identifying likely impacts of electricity deregulation on safety of the U.S. commercial nuclear power industry. Effects of Deregulation on Safety provides a comprehensive overview of the safety experiences of these three case study industries and their implications for the U.S. nuclear power industry. The treatment of the subject is not highly technical, and hence is accessible to a wide range of readers with interests in the subject matter. The book draws on literature from roughly 250 references, ranging from brief news articles to book-length studies of deregulation in a particular industry, as well as original in-depth interviews with representatives of all three case study industries. This wealth of empirical background information allows the book to go beyond mere speculation about the possible adverse safety consequences of deregulation, to identify situations in which particular adverse safety consequences actually occurred. The experience of the case study industries indicates that economic deregulation need not be incompatible with a reasonable safety record, especially in those aspects of safety that are positively related to productivity. But that safety also cannot be taken for granted after deregulation. Careful management attention is needed in order to avoid the types of safety problems that were associated with deregulation in the case study industries.
This book is comprised of international author perspectives from the 2016 Australian Association for Professional and Applied Ethics (AAPAE) conference, hosted by the University of South Australia in Adelaide. The volume brings to life a number of the conference themes including corporate social responsibility, culture, academic integrity, vulnerability, health, military ethics, education, leadership, sustainability and philosophy and addresses concerns of many leading applied ethicists.
This volume presents new concepts and methods in Air Traffic Management, in particular: Collaborative Decision Making, as it incorporates for the first time airline companies in the management process; Congestion Pricing, as many part of the systems are and will remain saturated, hence only leveling of demand can contribute to global efficiency; Flow Management Methods, as the most important tools in planning and analysis; Models of Controller-Pilot Interaction, as deregulation increases the workload of this communication; Weather Forecast, as airport capacity is strongly affected by weather conditions.
This book is designed for the chemist, formulator, student, teacher, forensic scientist, or others who wish to investigate the composition of polymeric materials. Theinformationwithinthesepagesisintendedtoarmthereaderwiththenecessary workingknowledgetoanalyze, characterize, anddeformulatematerials. ThestructureoftheContentsisintendedtoassistthereaderinquicklylocating the subject of interest and proceed to it with a minimum of expended time and effort. The Contents provides an outline of major topics and relevant materials char- terizedforthereader'sconvenience. Anintroductiontoanalysisanddeformulation is provided in Chapter 1 to acquaint the reader with analytical methods and their applications. Extensive references are provided as additional sources ofinfor- tion. All tables arelocatedin theAppendix, beginning onp. 235. GUIDE FOR USE This is a practical book structured to efficiently use the reader's time with a minimum effort of searching for entries and information by following these brief instructions: 1. Searchthe Contents and/orIndex fora subject withinthe text. 2. Analysis/deformulation principles are discussed at the outset to familiarize the reader with analysis methods and instruments; followed by formu- tions, materials, and analysis ofpaint, plastics, adhesives, and inks; and finally reformulation methods to test the results of analysis. 3. Materials and a wide assortment of formulations are discussed within the text by chapter/section number. 4. Materials are referred toby various names (trivial, trade, and scientific), and these are listed in tables and cross-referenced to aid the reader.
Proceedings of the Third Symposium on Heavy Gas and Risk Assessment, Bonn, Wissenschaftszentrum, November 12-13, 1984
The present book treats a highly specialized topic, namely effec tivity functions, which are a tool for describing the power structure implicit in social choice situations of various kind. One of the ad vantages of effectivity functions is that they seem to contain exactly the information which is needed in several problems of implementa tion, that is in designing the rules for individual behaviour given that this behaviour at equilibrium should result in a prescribed functional connection between preferences and outcome. We shall be interested in both formal properties of effectiv ity functions and applications of them in social choice theory, and among such applications in particular the implementation problem. This choice of emphasis necessarily means that some other topics are treated only superficially or not at all. We do not attempt to cover all contributions to the field, rather we try to put some of the results together in order to get a reasonably coherent theory about the role of the power structure in cooperative implementation. The authors are indebted to many persons for assistance and advice during the work on this book. In particular, we would like to thank Peter Fristrup and Bodil Hansen for critical reading of the manuscript, and Lene Petersen for typesetting in '.lEX." |
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