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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
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Causal Analytics for Applied Risk Analysis (Hardcover, 1st ed. 2018)
Loot Price: R9,358
Discovery Miles 93 580
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Causal Analytics for Applied Risk Analysis (Hardcover, 1st ed. 2018)
Series: International Series in Operations Research & Management Science, 270
Expected to ship within 12 - 19 working days
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Causal analytics methods can revolutionize the use of data to make
effective decisions by revealing how different choices affect
probabilities of various outcomes. This book presents and
illustrates models, algorithms, principles, and software for
deriving causal models from data and for using them to optimize
decisions with uncertain outcomes. It discusses how to describe and
summarize situations; detect changes; evaluate effects of policies
or interventions; learn what works best under different conditions;
predict values of as-yet unobserved quantities from available data;
and identify the most likely explanations for observed outcomes,
including surprises and anomalies. The book resents practical
techniques for causal modeling and analytics that practitioners can
apply to improve understanding of how choices affect probabilities
of consequences and, based on this understanding, to recommend
choices that are more likely to accomplish their intended
objectives.The book begins with a survey of modern analytics
methods, focusing mainly on techniques useful for decision, risk,
and policy analysis. Chapter 2 introduces free in-browser software,
including the Causal Analytics Toolkit (CAT) software, to enable
readers to perform the analyses described and to apply modern
analytics methods easily to their own data sets. Chapters 3 through
11 show how to apply causal analytics and risk analytics to
practical risk analysis challenges, mainly related to public and
occupational health risks from pathogens in food or from pollutants
in air. Chapters 12 through 15 turn to broader questions of how to
improve risk management decision-making by individuals, groups,
organizations, institutions, and multi-generation societies with
different cultures and norms for cooperation. These chapters
examine organizational learning, community resilience, societal
risk management, and intergenerational collaboration and justice in
managing risks.
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