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Management of Uncertainty - Theory and Application in the Design of Systems and Organizations (Paperback, 2009 ed.)
Loot Price: R2,873
Discovery Miles 28 730
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Management of Uncertainty - Theory and Application in the Design of Systems and Organizations (Paperback, 2009 ed.)
Series: Decision Engineering
Expected to ship within 10 - 15 working days
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As I write, the financial systems of the world are collapsing with
still no clear indication of what the consequences will be and
which measures should be taken to avoid such a crisis in the
future. There seems to be agreement though, that the financial
instruments introduced in the past few decades entailed far too
much complexity and uncertainty and that there was too little
regulatory control over the use of these instruments. Management of
uncertainty with the aim of achieving self-control is the core
concern of this book. It was not written with a focus on financial
systems, but many concepts developed in this book are applicable to
this field as well. The - neric principles of reducing, maintaining
or increasing uncertainties in view of the different contingencies
an organization is faced with, the fundamental issue of how much
control is possible and who should be in control, and the question
of how much and what kind of regulation is necessary with the
overall aim of finding an appropriate balance between system
stability and flexibility are at the centre of heated debates on
the future of finance.
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