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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
The numerous advances in mathematical programming have opened up new insights about sensitivity analysis. The paradigm What if...?' question is no longer the only question of interest. Often, we want to know Why...?' and Why not...?' Such questions were not analyzed in the early years of mathematical programming to the same extent that they are now, and we have not only expanded our thinking about post-optimal analysis', but also about solution analysis', even if the solution obtained is not optimal. Therefore, it is now time to examine all the recent advances on sensitivity analysis and parametric programming. This book combines the origins of sensitivity analysis with the state of the art. It covers much of the traditional approaches with a modern perspective, and shows recent results using the optimal partition approach, stemming from interior methods, for both linear and quadratic programming. It examines the special case of network models. It presents a neglected topic, qualitative sensitivity analysis, as well as elements of mixed integer programming and gives a modern perspective of nonlinear programming. It provides recent advances in multi-criteria mathematical programming and also describes the state-of-the-art in stochastic programming. It covers recent advances in understanding redundancy in quadratic programs, considers an approach to diagnosing infeasibility in linear and nonlinear programs, and gives an overview of sensitivity analysis for fuzzy mathematical programming.
This book presents the human, cultural, and scientific contributions of professor Eliano Pessa, who recently passed away. His research interests and activities were varied, some of which included quantum physics, cognitive science and psychology, systems science, artificial intelligence, and alpinism. They were never disciplinary-separated issues, but rather some coherent dimensions of his interests in life. He lived and not only practiced interdisciplinarity and multiple dimensions; he considered it unacceptable to do only one thing in life. The contributors in this volume consider, discuss, interpret, and represent the multiplicity and interdisciplinarity experienced, lived and applied by Pessa. The chapters are inspired by, rebuild, and retrace such networked interests lived by him from the personal, cultural, and scientific points of view of the authors. This is true interdisciplinarity and usage of non-equivalences, honoring the richness of Pessa's contributions.
This book comes out from the materials I used to refer while doing my research on the optimization issues in logistics. I brought together some of these materials to form a guidance material on the fundamentals of the optimization concepts along with my own studies on the application of optimization methods. This book consists of two parts and six chapters. The first part of the book, which consists of three chapters, is about introduction to optimization with typical base problems and algorithms for solving problems. The second part of this book consists of three my own researches on the application of optimization methods. Each chapter in this book is independent of each other. I hope you will find this book useful, informative, beneficial and appropriate for your needs.
Getting what you want - even if you are the boss - isn't always easy. Almost every organization, big or small, works among a network of competing interests. Whether it's governments pushing through policies, companies trying to increase profits, or even families deciding where to move house, rarely can decisions be made in isolation from competing interests both within the organization and outside it. In this accessible and straightforward account, Hans de Bruijn and Ernst ten Heuvelhof cast light on multi-stakeholder decision-making. Using plain language, they reveal the nuts and bolts of decision-making within the numerous dilemmas and tensions at work. Drawing on a diverse range of illustrative examples throughout, their perceptive analysis examines how different interests can either support or block change, and the strategies available for managing a variety of stakeholders. The second edition of Management in Networks incorporates a wider spread of international cases, a new chapter giving an overview of different network types, and a new chapter looking at digital governance and the impact of big data on networks. This insightful text is invaluable reading for students of management and organizational studies, plus practitioners - or actors - operating in a range of contexts.
The encounter, in the late seventies, between the theory of triangular norms, issuing frorn stochastic geornetry, especially the works of Menger, Schweizer and Sklar, on the one band, and the theory of fuzzy sets due to Zadeh, 10n the other band has been very fruitful. Triangular norms have proved to be ready-rnade mathematical rnodels of fuzzy set intersections and have shed light on the algebraic foundations of fuzzy sets. One basic idea behind the study of triangular norms is to solve functional equations that stern frorn prescribed axioms describing algebraic properties such as associativity. Alternative operations such as rneans have been characterized in a similar way by Kolmogorov, for instance, and the rnethods for solving functional equations are now weil established thanks to the efforts of Aczel, among others. One can say without overstaternent that the introduction of triangular norms in fuzzy sets has strongly influenced further developrnents in fuzzy set theory, and has significantly contributed to its better acceptance in pure and applied rnathematics circles. The book by Fodor and Roubens systematically exploits the benefits of this encounter in the- analysis of fuzzy relations. The authors apply functional equation rnethods to notions such as equivalence relations, and various kinds of orderings, for the purpose of preference rnodelling. Centtal to this book is the rnultivalued extension of the well-known result claiming that any relation expressing weak preference can be separated into three cornponents respectively describing strict preference, indifference and incomparability.
How and to what extent do decisions affect business performance? Despite years of study by academic researchers and industry practitioners, there still remains a need to draw a clear and established connection between decision making and performance. By closely examining consequential business decisions made by key executives, this book offers a better understanding of business performance and recommendations for improved business practices. Through the use of case studies and interviews with business leaders based on 17 theorized measures of performance, this breakthrough study not only clarifies the impact of decisions on business performance, but also defines and distinguishes decisions that lead to successful and unsuccessful performance. Recommendations are made to optimize decision making for businesses of all sizes and projections about the future of decision making and performance are provided. This book can be used both as a reference source for academic researchers and students seeking further research on the subject, and as a practical guide for leaders and business professionals seeking advancement and better decision making within the industry.
Resilient people are happier, healthier, and more productive. Psychologist and business writer Adrian Furnham takes a sideways and entertaining look at the challenges of being a leader, demonstrating how resilience can be honed, developed, and used as a personal life raft to keep afloat in the face of adversity.
This new edition Workbook has been fully updated for 2019 and covers Theme 3 Business behaviour and the labour market A-level Paper 1 Markets and business behaviour, and A-level Paper 3 Microeconomics and Macroeconomics will both draw on topics from Theme 3. Up-to-date and focused to help students practice their skills and improve their subject knowledge both inside and outside the classroom, this Practice Workbook: - Covers specific aspects of the course, providing targeted support for complex and challenging topics - Reinforces students' understanding, with more new practice questions and exam-style questions to develop their skills and improve their confidence - Includes more sample answers with commentary to help students meet the demands of the specification - Adapts easily and flexibly to existing textbooks and schemes of work - Provides opportunities for self-directed learning and self-testing, helping students revise on their own terms
This book considers and assesses essential financial issues by utilizing data science and fuzzy multiple criteria decision making (MCDM) methods. It introduces readers to a range of data science methods, and demonstrates their application in the fields of business, health, economics, finance and engineering. In addition, it provides suggestions based on the assessment results on each topic, which can help to enhance the efficiency of the financial system and the sustainability of economic development. Given its scope, the book will help readers broaden their perspective on the assessment and evaluation of financial issues using data science and MCDM approaches.
Discover true leadership with this actionable guide from a world renowned leadership expert, psychoanalyst, and executive coach In Leading Wisely: Becoming a Reflective Leader in Turbulent Times, renowned leadership expert, psychoanalyst and executive coach Manfred Kets De Vries delivers an insightful and unique exploration of what it means to lead with wisdom. The book demonstrates that exclusive reliance on knowledge, data, and information yields a superficial leadership style lacking in depth and discernment. What's more important in the wisdom equation is possessing humility, judgment, empathy, compassion, and night vision. With eleven chapters full of anecdotes and tales from a variety of spiritual and cultural traditions that enrich and lend a deeper significance to the choices we make as leaders and members of organizations, Leading Wisely provides readers with: A thorough exploration of dealing with negative--but entirely natural motivations, like envy and greed An emphasis on the Golden Rule--treating others as we like to be treated ourselves An opportunity to be courageous--to consciously and intentionally pick our battles, saving energy for what really matters Lessons on how to listen intently and actively, truly hearing what our colleagues, friends, family, and followers are saying before reacting Finding happiness within ourselves Leading Wisely: Becoming a Reflective Leader in Turbulent Times is a startlingly incisive book, filled with messages that make the book required reading for anyone in a position of leadership or power. It also belongs in the libraries of well-being and health practitioners who frequently deal with businesspeople as clients or patients.
Thought leader John Adair provides the techniques and insights you need to find solutions, spark creativity and confidently make the right decisions. This 5th edition now features even more practical exercises, useful templates, and top tips to provide a clear framework that can generate ideas and inspire confidence in your team - so you can spot the solution in every problem, and create ideas to rival even the best strategists. The Creating Success series of books... Unlock vital skills, power up your performance and get ahead with the bestselling Creating Success series. Written by experts for new and aspiring managers and leaders, this million-selling collection of accessible and empowering guides will get you up to speed in no time. Packed with clever thinking, smart advice and the kind of winning techniques that really get results, you'll make fast progress, quickly reach your goals and create lasting success in your career.
This book is about understanding feminist theories and feminist economics through a multi-paradigmatic approach. For this purpose, the book starts with a discussion of four most diverse worldviews or paradigms (i.e., functionalist, interpretive, radical humanist, radical structuralist). Then, it discusses six relevant social aspects (i.e., human nature, feminist theories, family, patriarchy, discrimination, feminist economics) from the viewpoints of the four most diverse worldviews or paradigms. Next, the book looks at some of the writings in the feminist theories and feminist economics literature (such as: feminist research, feminist education, economics versus sociology, and men versus women) from the point of view of the multi-paradigmatic approach to gain a better understanding of the differences. The book concludes by recommending paradigm diversity. This book crosses two existing lines of literature: social philosophy and feminism. The book maintains that social theory can usefully be conceived in terms of four broad paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The book emphasizes that the four paradigms are equally scientific and informative; each looks at a given phenomenon from a certain paradigmatic viewpoint. An understanding of different paradigms leads to a broader and balanced understanding of the phenomenon. Overall, the book advocates paradigm diversity.
This book pulls together many perspectives on the theory, methods and practice of drawing judgments from panels of experts in assessing risks and making decisions in complex circumstances. The book is divided into four parts: Structured Expert Judgment (SEJ) current research fronts; the contributions of Roger Cooke and the Classical Model he developed; process, procedures and education; and applications. After an Introduction by the Editors, the first part presents chapters on expert elicitation of parameters of multinomial models; the advantages of using performance weighting by advancing the "random expert" hypothesis; expert elicitation for specific graphical models; modelling dependencies between experts' assessments within a Bayesian framework; preventive maintenance optimization in a Bayesian framework; eliciting life time distributions to parametrize a Dirichlet process; and on an adversarial risk analysis approach for structured expert judgment studies. The second part includes Roger Cooke's oration from 1995 on taking up his chair at Delft University of Technology; one of the editors reflections on the early decade of the Classical Model development and use; a current overview of the theory of the Classical Model, providing a deep and comprehensive perspective on its foundations and its application; and an interview with Roger Cooke. The third part starts with an interview with Professor Dame Anne Glover, who served as the Chief Scientific Advisor to the President of the European Commission. It then presents chapters on the characteristics of good elicitations by reviewing those advocated and applied; the design and development of a training course for SEJ; and on specific experiences with SEJ protocols with the intention of presenting the challenges and insights collected during these journeys. Finally, the fourth (and largest) part begins with some reflections from Willy Aspinall on his many experiences in applying the Classical Model in several application domains; it continues with related reflections on imperfect elicitations; and then it presents chapters with applications on medicines policy and management, supply chain cyber risk management, geo-political risks, terrorism and the risks facing businesses looking to internationalise.
This book illustrates how to access the right information for making the best decisions during turbulent times. It is written from an experienced-based perspective that is beneficial for those looking for the development and improvement of the decision-making process. The approach is centered on the author's experience in developing and implementing effective and efficient approaches to decision-making in business and government. Based on those experiences, this book provides insights into how to improve the decision making process of your organization, whether it be large or small. For decision makers and those providing market information for making decisions, this book provide guidelines for a framework which includes systems thinking. For those interested in change management and corporate governance, the book presents examples where it was done well and some examples where it was not and the ensuring consequences. Praise for Systems Thinking Decision-Making Process... "This is an absolutely incredible book by a distinguished practitioner. The range of knowledge and experience that Vince Barabba has had is astounding. I urge everyone who is interested in complex, messy problems to read this amazing book." --Ian I. Mitroff "...Vince has masterfully blended the art of organizational respect with the science of data inquiry to drive change and realize strategic vision. A master storyteller, he does not just teach, his book brings his learnings to life in a meaningful way that if carefully listened to, can change the course of a career." -- Paul D'Alessandro Principal, Health Industries, PwC US "In his latest book, Vince Barabba integrates his vast knowledge from 50 years of dedicated work in both the public and private sectors in order to provide leaders with an actionable framework for radically improving how their organizations collect and use information to make the best decisions for all the wicked messes that now appear in our global village... This book can save your company from living in the dark with false assumptions about all your key stakeholders." -- Ralph H. Kilmann, Ph.D. CEO, Kilmann Diagnostics Co-Author, The Thomas-Kilmann Conflict Mode Instrument (TKI) "Absorbing just a few of the many smart ideas in this book will make you a better leader and decision maker. Thinking systemically about how the hard-earned lessons from Vince Barabba's brilliant career apply to your enterprise could make you a great one." - Chunka Mui Co-Author, A Brief History of a Perfect Future and Billion Dollar Lessons "...if you are interested in 'thinking in systems,' this book is for you. The 'On Star' story demonstrates to you how the initial product-centered thinking was proselytized to 'thinking in systems'." -- John Pourdehnad Visiting Professor, IESE Business School and Faulty of Systems Leadership, Thomas Jefferson University "In writing Systems Thinking Decision-Making Process: How to Avoid Burnt Toast, Vince Barabba is addressing the limits of knowledge management systems which enable 'organizations as usual' to share best practices on how to scrape toast faster and cheaper... The examples shared by Vince, from his first-hand experiences in corporate America or his services as a marketing consultant, contribute invaluable clarity to his goal of providing a "sketch of an Inquiry Center Learning and Support System" for those with the ambition to lead efforts to work smarter, not harder, firmly against the grain of 'organizations as usual'..." -- Bill Bellows, Ph.D., President, InThinking Services Adjunct Professor, California State University, Northridge and Southern Utah University Advisory Council Member and Former Deputy Director, The W. Edwards Deming Institute (R) "In his 'last book', Vince weaves the experiences and learning of a lifetime into whole cloth of insight and wisdom. He helps us to find relevant information from a rapidly changing world and apply it to making good decisions. This is a masterpiece of knowledge presented in a very entertaining way." -- Carl Spetzler Chairman, Strategic Decisions Group International LLC "This is a truly inspiring and mind changing book directly relevant for our times... Vince has shown through his remarkable work that business and government are a force for good when leaders think long term, work with, not against nature, and use their influence and resources for the many, not the few..." -- Osvald Bjelland Founder and President, Xynteo Founder, The Performance Theatre Foundation
This book includes a spectrum of concepts, such as performance, productivity, operations research, econometrics, and data science, for the practically and theoretically important areas of 'productivity analysis/data envelopment analysis' and 'data science/big data'. Data science is defined as the collection of scientific methods, processes, and systems dedicated to extracting knowledge or insights from data and it develops on concepts from various domains, containing mathematics and statistical methods, operations research, machine learning, computer programming, pattern recognition, and data visualisation, among others. Examples of data science techniques include linear and logistic regressions, decision trees, Naive Bayesian classifier, principal component analysis, neural networks, predictive modelling, deep learning, text analysis, survival analysis, and so on, all of which allow using the data to make more intelligent decisions. On the other hand, it is without a doubt that nowadays the amount of data is exponentially increasing, and analysing large data sets has become a key basis of competition and innovation, underpinning new waves of productivity growth. This book aims to bring a fresh look onto the various ways that data science techniques could unleash value and drive productivity from these mountains of data. Researchers working in productivity analysis/data envelopment analysis will benefit from learning about the tools available in data science/big data that can be used in their current research analyses and endeavours. The data scientists, on the other hand, will also get benefit from learning about the plethora of applications available in productivity analysis/data envelopment analysis.
Despite how much is written about strategy, and money spent on it, reports of chronic failures persist. Two causes dominate. Strategy is still not fully defined and strategy practice is still largely based on a planned view of the world. Change and innovation, however, are not wholly planned but emerge from the myriad interactions of the players involved-some by design, many not. This science of complex adaptive systems must provide the bedrock on which strategy is built. The Emergent Approach to Strategy is the first book to derive the definition, theory, and practice of strategy from adaptive systems. Aimed at corporate business and functional leaders, but broadly applicable, the approach includes an agile method for strategy framework design that replaces familiar stepwise "chevron" methods and presents new tests of strategy called the Five Disqualifiers. This book offers no promise of easy "transformations." Change and innovation are hard, sometimes ugly, with no guarantees. But with the right principles and discipline, organizations can efficiently raise the probability of success.
The effectiveness of a good strategy well implemented determines a business' future success or failure. Yet history is full of strategic decisions, big and small, that were ill-conceived, poorly organised and consequently disastrous. This updated guide looks at the whole process of strategic decision-making - from vision, forecasting, and resource allocation, through to implementation and innovation. Strategy is about understanding where you are now, where you are heading and how you will get there. There is no room for timidity or confusion. Although the CEO and the board decide a company's overall direction, it is the managers at all levels of the organisation that will determine how the vision can be transformed into action. In short, everyone is involved in strategy. But getting it right involves difficult choices: which customers to target, what products to offer and the best way to keep costs low and service high. And constantly changing business conditions inevitably bring risks. Even after business strategy has been developed, a company must remain nimble and alert to change, and view strategy as an ongoing and evolving process. The message of this guide is simple: strategy matters, and getting it right is fundamental to business success - this book will show you how.
Inquiring Organizations: Moving from Knowledge Management to Wisdom' assembles into one volume a comprehensive collection of the key current thinking regarding the use of C. West Churchman's Design of Inquiring Systems as a basis for computer-based inquiring systems design and implementation. Inquiring systems are systems that go beyond knowledge management to actively inquire about their environment. While self-adaptive is an appropriate adjective for inquiring systems, they are critically different from self-adapting systems as they have evolved in the fields of computer science or artificial intelligence. Inquiring systems draw on epistemology to guide knowledge creation and organizational learning. As such, we can for the first time ever, begin to entertain the notion of support for wise"" decision-making. Readers of ""Inquiring Organizations: Moving from Knowledge Management to Wisdom"" will gain an appreciation for the role that epistemology can play in the design of the next generation of knowledge management systems, systems that focus on supporting wise decision-making processes.
This book examines Foreign Direct Investment of major Korean automotive companies in Europe, with particular reference to how economic integration has affected the motivations and patterns of FDI and industrial location. The book is a valuable source of information on FDI, the automobile industry in Europe and South Korea and business decision-making process in general.
This book explores how the ethically inconsistent behaviour in workplaces can be rooted in moral fibers of the decision-makers, and/or in their varying moral foci depending on the philosophical cornerstones, on which those rest. It explores further whether such decisions may be shaped or modified by contextual factors leading, possibly, to bounded ethicality. Based on a primary survey approaching the academicians, administrators, and other service-holders from India and abroad, it analyses the problem, its determinants and variations across socio-economic and demographic factors.
Aiding Decisions With Multiple Criteria: Essays in Honor of Bernard Roy is organized around two broad themes: * Graph Theory with path-breaking contributions on the theory of flows in networks and project scheduling, * Multiple Criteria Decision Aiding with the invention of the family of ELECTRE methods and methodological contribution to decision-aiding which lead to the creation of Multi-Criteria Decision Analysis (MCDA). Professor Bernard Roy has had considerable influence on the development of these two broad areas. GBP/LISTGBP Part one contains papers by Jacques Lesourne, and Dominique de Werra & Pierre Hansen related to the early career of Bernard Roy when he developed many new techniques and concepts in Graph Theory in order to cope with complex real-world problems. Part two of the book is devoted to Philosophy and Epistemology of Decision-Aiding with contributions from Valerie Belton & Jacques Pictet and Jean-Luis Genard & Marc Pirlot. Part three includes contributions based on Theory and Methodology of Multi-Criteria Decision-Aiding based on a general framework for conjoint measurement that allows intrasitive preferences. Denis Bouyssou & Marc Pirlot; Alexis Tsoukias, Patrice Perny & Philippe Vincke; Luis Dias & Joao Climaco; Daniel Vanderpooten; Michael Doumpos & Constantin Zopounidis; and Marc Roubens offer a considerable range of examinations of this aspect of MCDA. Part four is devoted to Perference Modeling with contributions from Peter Fishburn; Salvatore Greco, Benedetto Matarazzo & Roman Slowinski; Salem Benferhat, Didier Dubois & Henri Prade; Oscar Franzese & Mark McCord; Bertrand Munier; and Raymond Bisdorff. Part five groups Applications of Multi-Criteria Decision-Aiding, and Carlos Henggeler Antunes, Carla Oliveira & Joao Climaco; Carlos Bana e Costa, Manuel da Costa-Lobo, Isabel Ramos & Jean-Claude Vansnick; Yannis Siskos & Evangelos Grigoroudis; Jean-Pierre Brans, Pierre Kunsch & Bertrand Mareschal offer a wide variety of application problems. Finally, Part six includes contributions on Multi-Objective Mathematical Programming from Jacques Teghem, Walter Habenicht and Pekka Korhonen.
This book has resulted from the activities of IFAC TC 5.2 "Manufacturing Modelling for Management and Control". The book offers an introduction and advanced techniques of scheduling applications to cloud manufacturing and Industry 4.0 systems for larger audience. This book uncovers fundamental principles and recent developments in the theory and application of scheduling methodology to cloud manufacturing and Industry 4.0. The purpose of this book is to present recent developments in scheduling in cloud manufacturing and Industry 4.0 and to systemize these developments in new taxonomies and methodological principles to shape this new research domain. This book addresses the needs of both researchers and practitioners to uncover the challenges and opportunities of scheduling techniques' applications to cloud manufacturing and Industry 4.0. For the first time, it comprehensively conceptualizes scheduling in cloud manufacturing and Industry 4.0 systems as a new research domain. The chapters of the book are written by the leading international experts and utilize methods of operations research, industrial engineering and computer science. Such a multi-disciplinary combination is unique and comprehensively deciphers major problem taxonomies, methodologies, and applications to scheduling in cloud manufacturing and Industry 4.0.
Commons are self-organized, self-governed, autonomous networks and organizations that function outside the state and the private sector. They are emerging around the world as people recognize that the state and private sector have increasingly closed off access to basic resources and services. People want increased power to determine their political, economic, and social lives. Reimagining Leadership on the Commons includes leadership approaches derived from a complex, adaptive, open, whole systems perspective and a more relational, distributed, and collaborative paradigm that recognizes that rather than being individualist self-maximizers: people prefer to work together to share benefits and found a society based on ethical behavior, equality, and justice. This is essential reading for researchers of commons, leadership practitioners, and non-profits working towards a more ethical, equitable, and just world. |
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