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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
This succinct and practical reference/text presents statistical reasoning and interpretational techniques to aid in the decision making process when faced with engineering problems-emphasizing the use of spreadsheet simulations and decision trees as important tools in the practical application of decision making analyses and models to improve real-world engineering operations. Offers new insight into the realities of high-stakes engineering decision making in the investigative and corporate sectors by optimizing engineering decision variables to maximize payoff. What Every Engineer Should Know About DECISION MAKING UNDER UNCERTAINTY presents new paradigms for engineering decision making covers customer-focused engineering decision making details spreadsheet simulation methods to help avoid bias and habitual behavior discusses continuous quality improvement versus business reengineering processes illustrates information value in decision making during uncertainty analyzes capital budgeting discusses the accuracy of sample estimates presents practical case studies from various engineering disciplines and shows how to tailor the illustrated methods to different applications Predicting outcomes of engineering decisions through regression analysis, this reference will benefit mechanical, civil, electrical and electronics, materials, chemical, mineral, cost, quality, reliability, industrial, product development, safety, forensic, and consulting engineers; architects; engineering managers; and project and program managers; and is an essential text for upper-level undergraduate, graduate, and continuing-education students in these disciplines.
From the author of Expecting Better and The Family Firm, an economist's guide to the early years of parenting. "Both refreshing and useful. With so many parenting theories driving us all a bit batty, this is the type of book that we need to help calm things down." -LA Times "The book is jampacked with information, but it's also a delightful read because Oster is such a good writer." -NPR With Expecting Better, award-winning economist Emily Oster spotted a need in the pregnancy market for advice that gave women the information they needed to make the best decision for their own pregnancies. By digging into the data, Oster found that much of the conventional pregnancy wisdom was wrong. In Cribsheet, she now tackles an even greater challenge: decision-making in the early years of parenting. As any new parent knows, there is an abundance of often-conflicting advice hurled at you from doctors, family, friends, and strangers on the internet. From the earliest days, parents get the message that they must make certain choices around feeding, sleep, and schedule or all will be lost. There's a rule-or three-for everything. But the benefits of these choices can be overstated, and the trade-offs can be profound. How do you make your own best decision? Armed with the data, Oster finds that the conventional wisdom doesn't always hold up. She debunks myths around breastfeeding (not a panacea), sleep training (not so bad!), potty training (wait until they're ready or possibly bribe with M&Ms), language acquisition (early talkers aren't necessarily geniuses), and many other topics. She also shows parents how to think through freighted questions like if and how to go back to work, how to think about toddler discipline, and how to have a relationship and parent at the same time. Economics is the science of decision-making, and Cribsheet is a thinking parent's guide to the chaos and frequent misinformation of the early years. Emily Oster is a trained expert-and mom of two-who can empower us to make better, less fraught decisions-and stay sane in the years before preschool.
To comply with legal and other standards, businesses and regulators are increasingly required to make decisions based on risk assessments of the potential effects of their activities on the environment. Atmospheric dispersion modelling is a cost-effective method, allowing various scenarios to be explored before expensive investment takes place. This guide offers advice on this environmental management tool. Unlike much of the previous literature, it doesn't focus excessively on the mathematical theory behind the modelling or on modelling for specific regulatory purposes. Instead, it offers an understanding of the background to the methodologies, providing exercises to develop the skills to carry these out and including examples of the use of commercially available models to enable the reader to assess the results of modelling for risk assessment.
'Learning through Knowledge Management' provides an insightful overview of the main issues integrating learning and Knowledge Management. It offers a rich resource of case examples that highlight Knowledge Management in practice. The text explores and defines learning and Knowledge Management concepts, and deals with the elements that play an important part in determining implementation success in the organization. The chapters present a managerially oriented discussion of the following key areas: * The role of processes in managing knowledge* The behavioural side of Knowledge Management * Leadership reflexes for knowledge management success* The key features of Information Technology required for Knowledge Management* The future of Knowledge Management as part of organization management.There are many case studies which include: British Airways BP Amoco Ford Hewlett Packard Xerox Swedish Police IBM The case studies encompass a diverse and broad range of sectors, maturity of practice, problems and approaches to Knowledge Management.
Many decision-making tasks are too complex to be understood quantitatively, however, humans succeed by using knowledge that is imprecise rather than precise. Fuzzy logic resembles human reasoning in its use of imprecise informa tion to generate decisions. Unlike classical logic which requires a deep under standing of a system, exact equations, and precise numeric values, fuzzy logic incorporates an alternative way of thinking, which allows modeling complex systems using a higher level of abstraction originating from our knowledge and experience. Fuzzy logic allows expressing this knowledge with subjective concepts such as very big and a long time which are mapped into exact numeric ranges. Since knowledge can be expressed in a more natural by using fuzzy sets, many decision (and engineering) problems can be greatly simplified. Fuzzy logic provides an inference morphology that enables approximate human reasoning capabilities to be applied to knowledge-based systems. The theory of fuzzy logic provides a mathematical strength to capture the un certainties associated with human cognitive processes, such as thinking and reasoning. The conventional approaches to knowledge representation lack the means for representating the meaning of fuzzy concepts. As a consequence, the approaches based on first order logic do not provide an appropriate con ceptual framework for dealing with the representation of commonsense knowl edge, since such knowledge is by its nature both lexically imprecise and non categorical."
"Organization and Management in the Embrace of Government" is an
original exploration of how governments affect the ways people
organize themselves, manage those organizations, and respond to the
organizations thus created. It is a grounded theory of how
governments that are weak, erratic, or hostile undermine complex
organization, trust, meritocracy, commitment, and other implicit
expectations about how organizations operate. Scholars, students,
and all those interested in a better understanding of how
governments affect our cultural expectations of one another, our
organizations, and the economies based upon them will find this
groundbreaking volume to be a rich resource.
"Organization and Management in the Embrace of Government" is an
original exploration of how governments affect the ways people
organize themselves, manage those organizations, and respond to the
organizations thus created. It is a grounded theory of how
governments that are weak, erratic, or hostile undermine complex
organization, trust, meritocracy, commitment, and other implicit
expectations about how organizations operate. Scholars, students,
and all those interested in a better understanding of how
governments affect our cultural expectations of one another, our
organizations, and the economies based upon them will find this
groundbreaking volume to be a rich resource.
While theories on learning organizations' and knowledge-based companies' have recently emerged, little attention has yet been given either to the underlying structures of these developments, or to the link between these underlying structures and the resources available to manage them. Organizational Learning and Knowledge Technologies in a Dynamic Environment attempts to fill this gap. It thus presents practical and concrete ways for companies to be adaptable and flexible whilst operating effectively and efficiently. Underlying concepts and insights into flexible management and chaotic market behavior are translated into a pragmatic approach to knowledge management within companies, using the latest technology. Corporate knowledge is increasingly proving to be not only an important resource, but possibly unique in its sustainability. Managing knowledge as a resource, as well as managing learning as the process which creates that resource, can only be done using appropriate information technologies. The foundational concepts discussed emerge from such fields as neurobiology, cognitive sciences, physics, and organizational theory. These are applied to management and substantiated with examples. New developments in knowledge management, such as connectionist approaches, are outlined and illustrated with real cases. The author further describes an approach for developing knowledge networks in companies. The annex offers readers with an advanced interest in the matter an epistemological discussion on scientific methods for management research and touches in a broader sense on the measurability of management processes.
An innovative business guide, "Energizing Organizations: A New Method for Measuring Employee Engagement to Boost Profits and Corporate Success" draws on reality-based, compelling fiction to show the destructive nature of working environments and discuss breakthroughs in employee involvement and health. Two employees at a company have strokes and another dies of a heart attack within a span of three weeks. The young manager knows he inherited a poorly managed department, but he is not prepared for serious illness and death. The first day back after New Year's, a tyrant CEO terrorizes his company by firing three employees. He likes to start the New Year this way to send a message to everyone that when he threatens to fire someone, he means it. Author Michael Koscec uses these two real-life stories to provide compelling, entertaining, and informative explanations about the impact workplace practices and leadership behaviors have on employee engagement and well-being. Koscec graphically illustrates the psychological pain and serious physical diseases-even death-experienced by employees who work in toxic environments. However, he also offers hope by showing what was done to turn a toxic workplace into a healthy workplace. Let "Energizing Organizations" make your job easier and your organization more successful
Knowledge Horizons charts the feasible future for knowledge management. This practical and provocative resource presents the work of many of the leading voices in knowledge management and related disciplines, who explore the current trends and offer pragmatic and authoritative thinking on applied knowledge management from a variety of positions. Knowledge management is the new frontier for businesses, organizations, and institutions of all kinds. For those that hope to conquer this new territory, establishing a better understanding of current and future knowledge management trends and adoption of the most effective practices is imperitive. There are numerous options for executives: intranets, extranets, groupware, and core competencies are continually being refined. New entitites and rules in terms of intellectual capital and the "Chief Knowledge Officer" are emerging. Knowledge Horizons addresses these issues by exploring current and future knowledge management trends, gauging the future value of knowledge management investments, and how they will drive new business initiatives, and integrates the experience and insights of managers and cutting-edge research from experts in the field.
A compendium of articles that focus on how communities can be viewed from an organizational context, and how organizations are using communities to leverage external stakeholders, such as customers and suppliers. "Communities" are any cross-organizational subset of people that share a common knowledge, and these communities are the vehicle for social capital Within all communities are informal clusters of individuals who work together - sharing knowledge, solving common problems and exchanging insights and frustrations. When appropriately supported by the formal organization, these "communities" play a critical role: they are the major building blocks in creating, sharing and applying organizational knowledge Organizations ranging from British Petroleum to the World Bank have begun to invest time, energy and money in supporting their own communities, viewing these groups as essential vehicles for managing their organizational knowledge as a necessity to maintain competitive advantage. This book looks at how they achieve success using this approach.
The Power of Collaborative Leadership: Lessons for the Learning Organization helps business leaders realize the promise of organizational learning by sharing the lessons, insights, and best practices gained by two veteran managers and organizational learning pioneers. The book makes organizational learning principles and concepts more concrete by grounding them in the practical experiences of two major companies. The Power of Collaborative Leadership helps business leaders realize the promise of organizational learning by sharing lessons, insights, and best practices gained by Bert Frydman and Iva Wilson, two veteran managers and organizational learning pioneers. Together with JoAnne Wyer, a professional learning analyst, they show that in order to be effective leaders of business organizations, we must transform an organization's methods of absorbing new information and its ability to transform it into knowledge and wisdom. This book offers some provocative and practical ways to overcome many commonly held assumptions and practices that can actually impede learning and the improvement of the organization.
The effectiveness of policy decisions depends not only on the quality of the analysis but also on the communication between analyst and decision-maker. As a result, this book employs the following three-step decomposition of the decision modeling process throughout the book: (1) visual-structural modeling, (2) analytic-formal modeling, and (3) algorithmic resolution modeling. The 10 chapters address the most relevant issues in decision modeling in policy management: the problem-solving process, visual decision modeling, descriptive and normative preference elicitation and aggregation methods, dealing with uncertainty in dynamic problems, social choices, conflict resolution, and constraint-optimization problems. A problem-oriented engineering approach has been taken throughout the book because this approach covers the most popular decision modeling issues in: (1) decision analysis (decision trees, probabilistic influence diagrams, fuzzy decision-making, risk analysis), (2) operations research (facility location, scheduling, linear and non-linear programming, network optimization), and (3) economics (cost-benefit analysis, capital budgeting, shadow prices, marginal rate of substitution, net present value, game theory). Decision Modeling in Policy Management: Introduces a visual approach to decision modeling in policy management (over 100 figures and illustrations), integrating the European School (outranking relations, dimension reduction, ordinal preferences, rank correlation) and the American School (utility theory, analytic hierarchy process, game theory, constraint-optimization). Presents analytic approaches in the context of structural, formal, and resolution modeling; references tofurther practical and theoretical readings; intuitive visual reasoning; detailed numerical examples replacing theorems and formal proofs. Discusses new decision analytical features: visual interactive preference ordering; dynamic plots in virtual negotiation; hypermedia influence diagram modeling. Integrates 100 problems with worked-out solutions; an Internet syllabus with assignments, students comments, and Internet multimedia software are available.
Very often, we associate the dawn of modern financial theory with Harry Markowitz who in the 1950s introduced the formal mathematics of probability theory to the problem of managing risk in an asset portfolio. The 1970s saw the advent of formal models for pricing options and other derivative contracts, whose primary purpose was also financial risk management and hedging. But events in the 1990s made it clear that effective risk management is a critical element for success, and indeed, for long term survival, not only for financial institutions, but also for industrial firms, and even for nonprofit organizations and governmental bodies. These recent events vividly show that the world is filled with all manner of risks, and so risk management must extend far beyond the use of standard derivative instruments in routine hedging applications. The articles in this volume cover two broad themes. One theme emphasizes methods for identifying, modeling, and hedging specific types of financial and business risks. Articles in this category consider the technology of risk measurement, such as Value at Risk and extreme value theory; new classes of risk, such as liquidity risk; new financial instruments and markets for risk management, such as derivative contracts based on weather and on catastrophic insurance risks; and finally, credit risk, which has become one of the most important areas of practical interest for risk management. The second theme stresses risk management from the perspective of the firm and the financial system as a whole. Articles in this category analyze risk management in the international arena, including payment and settlement risks and sovereign risk pricing, risk management from the regulator's viewpoint, and risk management for financial institutions. The articles in this volume examine the "State of the Art" in risk management from the standpoint of academic researchers, market analysts and practitioners, and government observers.
This book is about information systems development failures and how
to avoid them.
Creativity and Innovation for Managers will appeal to any manager
responsible for getting more out of a business. Creative thinking,
creative problem solving and creative idea generation have become
essential business drivers. This book provides an excellent
executive briefing for senior management to understand what
business creativity is, how it can benefit the company, and how to
get the most out of it. It looks at the pitfalls on the road to
innovation and the ways to avoid them, pulling together the
experiences of key practitioners in the field both in the UK and
the US. What is business creativity and how can it benefit your
company?
The text offers a comprehensive and unique perspective on disaster risk associated with natural hazards. It covers a wide range of topics, reflecting the most recent debates but also older and pioneering discussions in the academic field of disaster studies as well as in the policy and practical areas of disaster risk reduction (DRR). This book will be of particular interest to undergraduate students studying geography and environmental studies/science. It will also be of relevance to students/professionals from a wide range of social and physical science disciplines, including public health and public policy, sociology, anthropology, political science and geology.
Why do we make the decisions we do? And how can we understand what influences our decisions? Non-Corporeal Actant Theory explores decisions and outcomes through the perspective of values, beliefs, ideas, and concepts - all integral parts of our everyday lives and the actor-networks that we take part in as decision-makers. Connecting Values to Action: Non-Corporeal Actants and Choice brings together a cast of expert contributors to delve into this theory and its ramifications for our lives. With chapters that analyze decisions made by death-defying free climbers, indigenous people facing the loss of their culture, and corporates responding to the #MeToo movement, editor Christopher M. Hartt examines how decisions are affected by the widening range of actor-networks that come with social media and technological development. For anyone struggling to understand how a decision is made, Connecting Values to Action offers a pathway to finding the causes of that decision. Exploring the role of non-corporeal actants on the very real consequences of decisions, this is an unmissable book for students and researchers of management and decision-making.
Transport policy is undergoing major changes which transcend national boundaries. Meanwhile, strategic alliances and mergers are changing the face of the liner shipping business. A re-examination of competition policy as it relates to liner shipping is underway. This book not only examines the changing regulatory climate for the liner shipping industry but also explores managerial thinking about co-operation and competition within the industry. Using comparisons from the rail and aviation industries, the book develops guiding principles for a common regulatory policy for liner shipping while proposing a framework for shipping managers to guide strategy formulation and implementation in this new business environment. This book explores the issues of national regulation of liner shipping in three legal jurisdictions: the US., Europe and Canada. It builds on the author's long history of research in liner shipping and its regulation, and her access to the regulators in these markets.
The information technology manager's role has changed significantly over the past decade. The performance of an organization is increasingly dependent on the performance of the information technology unit and its top executive. Here the author offers a fly on the wall view of the executive level activities of five Chief Information Officers (CIOs), operating in different industries. Profiles of these CIOs provide valuable insights into the strategic impact of this new role. Profiles of these CIOs, developed from over 200 hours of direct observation, provide valuable insights into the strategic impact of this new role. Other CIOs, executives, information technology researchers, information technology students in upper level or graduate courses, managers of technology and innovation, systems managers, and those interested in organizational behavior will all gain a greater understanding of the CIO's critical role within today's organizations. The day-to-day work habits of each CIO are observed for one work week, including meetings, mail, phone calls, and travel. The CIOs represent five distinct industries: utilities, manufacturing, government agency, insurance, and university. Despite very different work cultures, all demonstrate a remarkable ability to think on their feet and remain detached from highly charged turf battles. These high tech executives have the playwright's high touch; they are keenly aware of the power of figurative language and the timing of events.
The Hidden Intelligence explores what intuition is and is not, and why it is often hidden. Based on interviews with executives from Fortune 500 organizations to entrepreneurial startups, the book is full of insights the author has gathered over the years working with creative problem solving and ideation techniques. It brings our intuition into the mainstream of those skills crucial to running a successful business. The Hidden Intelligence explores how intuition in its various forms helps to create new products and marketing strategies at large and organizations. It explains what is and what is not intuition, why it is often hidden, and demonstrates that when it is used correctly, the intuitively-based decision is always correct.Sandra Weintraub began Management Resources over twenty years ago as a training and management development consulting firm. She has provided training for Fortune 500, educational, and governmental organizations, served as an adjunct professor in management skills at Brandeis University, and published several articles on management and intuition.
Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice, experimental economics, operations and analysis, multiple criteria decision making, market uncertainty, game theory and social choice. The papers, which were presented at the FUR VI conference, are arranged to appear in order of increasing complexity of the decision environment or social context in which they situate themselves. The first section Psychological Aspects of Risk-Bearing', considers choice at the purely individual level and for the most part, free of any specific economic or social context. The second section examines individual choice within the classical expected utility approach while the third section works from a perspective that includes non-expected utility preferences over lotteries. Section four, Multiple Criteria Decision-Making Under Uncertainty', considers the more specialized but crucial context of uncertain choice involving tradeoffs between competing criteria -- a field which is becoming of increasing importance in applied decision analysis. The final two sections examine uncertain choice in social or group contexts.
Enterprise integration and enterprise engineering has become a focal point of discussions during the past few years with active contribution of many disciplines... The evolution from the concept of CAD/CAM, through CIM to the Integrated Enterprise is based on the assumption that the integrated enterprise can (and should) be engineered just as any complex system can.
Strategy requires an ability to conceive the future, see and create
possibilities, and focus to choose a direction. Successful strategy
is a mental discipline consisting of broad ranging, flexible, and
creative thinking. Choosing the Future will help you achieve this
success by studying fundamentals such as effective group thinking,
knowing when to delay a decision for more information, balancing
contrasting modes of thought, and transforming thought into action.
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