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Smart Economic Decision-Making in a Complex World

Smart Economic Decision-Making in a Complex World
A Book

by Morris Altman

  • Publisher : Academic Press
  • Release : 2020-06-19
  • Pages : 302
  • ISBN : 0128114614
  • Language : En, Es, Fr & De
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Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for 'smart and rational' decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the 'smart' decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of 'smart and rational' approaches

Exam Prep for: Smart Economic Decision-making in a Complex ...

Exam Prep for: Smart Economic Decision-making in a Complex ...
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 2021
  • Pages : 329
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Complex Decision-Making in Economy and Finance

Complex Decision-Making in Economy and Finance
A Book

by Pierre Massotte,Patrick Corsi

  • Publisher : John Wiley & Sons
  • Release : 2020-02-05
  • Pages : 372
  • ISBN : 178630502X
  • Language : En, Es, Fr & De
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Pertinent to modern industry, administration, finance and society, the most pressing issue for firms today is how to reapproach the way we think and work in business. With topics ranging from improving productivity and coaxing economic growth after periods of market inactivity, Complex Decision-Making in Economy and Finance offers pragmatic solutions for dealing with the critical levels of disorder and chaos that have developed throughout the modern age. This book examines how to design complex products and systems, the benefits of collective intelligence and self-organization, and the best methods for handling risks in problematic environments. It also analyzes crises and how to manage them. This book is of benefit to companies and public bodies with regards to saving assets, reviving fortunes and laying the groundwork for robust, sustainable societal dividends. Examples, case studies, practical hints and guidelines illustrate the topics, particularly in finance.

Smart Decisions in Complex Systems

Smart Decisions in Complex Systems
A Book

by Pierre Massotte,Patrick Corsi

  • Publisher : John Wiley & Sons
  • Release : 2017-06-29
  • Pages : 376
  • ISBN : 1119368731
  • Language : En, Es, Fr & De
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Faced with ever-increasing complexity on a daily basis, the decision-makers of today are struggling to find the appropriate models, methods and tools to face the issues arising in complex systems across all levels of global operations. Having, in the past, resorted to outdated approaches which limit problem-solving to linear world views, we must now capitalize on complexities in order to succeed and progress in our society. This book provides a guide to harnessing the wealth inherent to complex systems. It organizes the transition to complex decision-making in all business spheres while providing many examples in various application domains. The authors offer fresh developments for understanding and mastering the global “uberization” of the economy, the post-modern management of computer-assisted production and the rise of cognitive robotics science applications.

The Role of `Experts' in International and European Decision-Making Processes

The Role of `Experts' in International and European Decision-Making Processes
A Book

by Monika Ambrus,Karin Arts,Ellen Hey,Helena Raulus

  • Publisher : Cambridge University Press
  • Release : 2014-08-28
  • Pages : 426
  • ISBN : 1107074789
  • Language : En, Es, Fr & De
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A broad-gauged analysis of the issues raised by experts' involvement in international and European decision-making processes.

Smart Decisions

Smart Decisions
The Art of Strategic Thinking for the Decision Making Process

by Thomas N. Martin

  • Publisher : Springer
  • Release : 2016-04-29
  • Pages : 185
  • ISBN : 1137537000
  • Language : En, Es, Fr & De
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Today's world is complex and getting more so each day. Huge multinational corporations, international crisis and fast breaking events require most people to make decisions on a daily basis without the tools to understand the long term impact that today's decision might create. Because most people have never really been trained in how to make important complex decisions most people rely on experience, and 'gut reaction' which is okay for many decisions, but not okay for decision that will have meaningful impact on organizations and individual. Decision makers need to develop the art and science of strategic decision making. Here, Professor Thomas Martin explains the need for decision makers to modify their thinking about how they deal with acquiring and analyzing information in each of the decision-making process steps. This approach requiring thinking modification will lengthen the process, make it more complex, and to some more arduous, but the comprehensiveness of the new thinking approach should lead to improved and more effective decision making. In this book, Dr. Martin presents a thinking modification framework that asserts that in the decision-making process, there are three situational states — a current state, future state, and a transitional state that one must deliberate in finding a solution. For each of these situational states, Martin develops an identical five-step process to determine the best decision to make. The steps of this process include: • Change-Needing Situational Analysis • Challenge Framing & Causal Analysis • Generating Solution Ideas • Choosing a Solution Set • Implementation and Aftermath Planning This book will appeal to decision makers, leaders, and students of management who want a specific framework that details the process behind making strategic, well-informed decisions.

Controlling Uncertainty

Controlling Uncertainty
Decision Making and Learning in Complex Worlds

by Magda Osman

  • Publisher : John Wiley & Sons
  • Release : 2011-07-18
  • Pages : 360
  • ISBN : 144435180X
  • Language : En, Es, Fr & De
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Controlling Uncertainty: Decision Making and Learning in Complex Worlds reviews and discusses the most current research relating to the ways we can control the uncertain world around us. Features reviews and discussions of the most current research in a number of fields relevant to controlling uncertainty, such as psychology, neuroscience, computer science and engineering Presents a new framework that is designed to integrate a variety of disparate fields of research Represents the first book of its kind to provide a general overview of work related to understanding control

Eyes Wide Open

Eyes Wide Open
How to Make Smart Decisions in a Confusing World

by Noreena Hertz

  • Publisher : Harper Collins
  • Release : 2013-09-24
  • Pages : 352
  • ISBN : 0062268635
  • Language : En, Es, Fr & De
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Eyes Wide Open: How to Make Smart Decisions in a Confusing World is Noreena Hertz’s practical, cutting-edge guide to help you cut through the data deluge and make smarter and better choices, based on her highly popular TED talk. In this eye-opening handbook, the internationally noted speaker, economics expert, and bestselling author of IOU: The Debt Threat and Silent Takeover reveals the extent to which the biggest decisions in our lives are often made on the basis of flawed information, weak assumptions, corrupted data, insufficient scrutiny of others, and a lack of self-knowledge. To avert such disasters, Hertz persuasively argues, we need to become empowered decision-makers, capable of making high-stakes choices and holding accountable those who advise us. In Eyes Wide Open, she weaves together scientific research with real-world examples from Hollywood to Harry Potter, NASA to World War Two spies, to construct a path to more astute and empowered decision-making in ten clear steps. With a razor-sharp intellect and an instinct for popular storytelling, she offers counter-intuitive, actionable guidance for making better choices—whether you are a business-person, a professional, a patient, or a parent.

Decision Making

Decision Making
A Book

by Fausto Pedro García Márquez,Alberto Pliego Marugán,Mayorkinos Papaelias

  • Publisher : BoD – Books on Demand
  • Release : 2018-09-19
  • Pages : 64
  • ISBN : 1789237955
  • Language : En, Es, Fr & De
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Decision Making is a book where each chapter has been contributed to by a different author(s). The book synthesizes the analytical principles with business practice of Decision Making. Specifically, the book provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning abilities of decision making. It is complementary to other sub-disciplines such as economics, finance, marketing, decision and risk analysis, etc. The chapters introduce and demonstrate decision making theory in practical case studies. It demonstrates key results for each sector with diverse real-world case studies. The theory is accompanied by relevant analysis techniques, with a progressional approach building from simple theory to complex and dynamic decisions with multiple data points, including big data, etc. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems with defined constraints and requirements.

Hayek and Behavioral Economics

Hayek and Behavioral Economics
A Book

by R. Frantz,R. Leeson

  • Publisher : Springer
  • Release : 2013-01-31
  • Pages : 349
  • ISBN : 1137278153
  • Language : En, Es, Fr & De
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An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.

Smart Choices

Smart Choices
A Practical Guide to Making Better Decisions

by John S. Hammond,Ralph L. Keeney,Howard Raiffa

  • Publisher : Harvard Business Review Press
  • Release : 2015-07-21
  • Pages : 256
  • ISBN : 1633691055
  • Language : En, Es, Fr & De
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Become confident in your choices. Where should I live? Is it time to get a new job? Which job candidate should I hire? What business strategy should I pursue? We spend the majority of our lives making decisions, both big and small. Yet, even though our success is largely determined by the choices that we make, very few of us are equipped with useful decision-making skills. Because of this, we often approach our choices tentatively, or even fearfully, and avoid giving them the time and thought required to put our best foot forward. In Smart Choices, John Hammond, Ralph Keeney, and Howard Raiffa—experts with over 100 years of experience resolving complex decision problems—offer a proven, straightforward, and flexible roadmap for making better and more impactful decisions, and offer the tools to achieve your goals in every aspect of your life. Their step-by-step, divide-and conquer approach will teach you how to: • Evaluate your plans • Break your potential decision into its key elements • Identify the key drivers that are most relevant to your goals • Apply systematic thinking • Use the right information to make the smartest choice Smart Choices doesn’t tell you what to decide; it tells you how. As you routinely use the process, you’ll become more confident in your ability to make decisions at work and at home. And, more importantly, by applying its time-tested methods, you’ll make better decisions going forward. Be proactive. Don’t wait until a decision is forced on you—or made for you. Seek out decisions that advance your long-term goals, values, and beliefs. Take charge of your life by making Smart Choices a lifetime habit.

Smart Energy Strategies

Smart Energy Strategies
Meeting the Climate Change Challenge

by Anonim

  • Publisher : vdf Hochschulverlag AG
  • Release : 2008
  • Pages : 149
  • ISBN : 3728132187
  • Language : En, Es, Fr & De
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The enormous challenge of creating a longterm sustainable energy system calls for the participation of engineers, natural and social scientists. They can contribute both through their research and by helping to craft strategies that steer the future development of the system. A sustainable energy system cannot be developed by technical fixes alone; action is required on a broad front, including institutional and regulatory changes. There is an abundance of scientific evidence on which to base decisions on how to proceed. Still, research has a crucial role to play as well.Smart Energy Strategies highlights smart solutions: advances in technical and social-science energy research, particularly advances related to new information technology (e.g. control and communication); and experience with targeted applications of information technology in the supply and consumption of energy. The conference has focused on smart strategies taking into account current technical and institutional systems, with their inertia and shortcomings; future energy-related challenges: energy security; the growing energy needs of the disadvantaged; and unintended consequences of energy systems, particularly climate change but also uncontrolled money flows; smart technical, institutional, and regulatory mechanisms for meeting these challenges.

The Optimization Edge: Reinventing Decision Making to Maximize All Your Company's Assets

The Optimization Edge: Reinventing Decision Making to Maximize All Your Company's Assets
A Book

by Stephen Sashihara

  • Publisher : McGraw Hill Professional
  • Release : 2011-02-25
  • Pages : 288
  • ISBN : 0071748334
  • Language : En, Es, Fr & De
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Why downsize when you can OPTIMIZE? "At McDonald’s our focus has always been on providing maximum value to customers through ‘optimal’ quality and tight cost management, which is why Optimization has become such a pivotal concept for us. Steve Sashihara’s book brings the concept to life.” —Kenneth M. Koziol, Corp. Senior Vice President, Innovation and Design, McDonald’s Corp. “Steve Sashihara convincingly demonstrates how the application of advanced quantitative techniques can significantly improve day-to-day decision making, which is what we have done at Quad/Graphics.” —Dave Blais, Executive Vice President, Quad/Graphics “The Optimization Edge is a powerful book that will change the way organizations make decisions and manage their assets.” —Frances Hesselbein, President and CEO, Leader to Leader Institute; Recipient, Presidential Medal of Freedom “At UPS, the ‘optimization edge’ has given us a competitive advantage. It enables us to solve problems of great complexity seamlessly and with increased velocity, resulting in smarter decisions and ultimately bringing greater value to our customers.” —Chuck Holland, Vice President of Industrial Engineering, UPS About the Book: In these challenging economic times, more and more companies have turned to “cut-back management” to ensure their survival. But how do some manage to outshine their competitors—and even grow—during downturns? How does Google outsearch the other search engines? How does McDonald’s McClobber the competition? More important, how can you increase your company’s profits without downsizing? The answer is Asset Optimization. This groundbreaking approach to decision making utilizes the latest advances in mathematics and computer software. Optimization expert Steve Sashihara shows you how to squeeze every ounce of value from your company, even under “perfect storm” conditions. You’ll learn how to: Drive up your company’s value—even in a downturn Re-allocate your resources—for maximum performance Streamline your company—and stay ahead of the competition Optimize your assets—for long-term growth A proven, practical, and workable alternative to “corporate anorexia,” Optimization is your best option for dealing head-on with marketplace volatility and resource scarcity. This step-by-step guide offers concrete, ready-to- use tools drawn from decades of superior business practices—the best-kept secrets of global successes such as Amazon, Google, Marriott, McDonald’s, Intel, SAS, and UPS. You’ll learn what Optimization is, what best practices you can immediately put to use, how to use Optimization to speed up and improve decision making, and how to integrate Optimization into your organization’s culture. If you want to thrive in any economy—and grow your company in the future—forget about downsizing. Get The Optimization Edge.

Decision-Making in the New Reality

Decision-Making in the New Reality
Complexity, Knowledge and Knowing

by David Bennet,Alex Bennet

  • Publisher : Mqipress
  • Release : 2019-03-22
  • Pages : 178
  • ISBN : 9781949829259
  • Language : En, Es, Fr & De
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We live in a world that offers many possible futures. The ever-expanding complexity of information and knowledge provide many choices for decision-makers, and we are all making decisions every single day! As the problems and messes of the world become more complex, our decision consequences are more and more difficult to anticipate, and our decision-making processes must change to keep up with this world complexification. This book takes a consilience approach to explore decision-making in The New Reality, fully engaging systems and complexity theory, knowledge research, and recent neuroscience findings. It also presents methodologies for decision-makers to tap into their unconscious, accessing tacit knowledge resources and increasingly relying on the sense of knowing that is available to each of us. Almost every day new energies are erupting around the world: new thoughts, new feelings, new knowing, all contributing to new situations that require new decisions and actions from each and every one of us. Indeed, with the rise of the Net Generation and social media, a global consciousness may well be emerging. As individuals and organizations we are realizing that there are larger resources available to us, and that, as complex adaptive systems linked to a flowing fount of knowing, we can bring these resources to bear to achieve our ever-expanding vision of the future. Are we up to the challenge?

The Making of a World City

The Making of a World City
London 1991 to 2021

by Greg Clark

  • Publisher : John Wiley & Sons
  • Release : 2014-10-16
  • Pages : 248
  • ISBN : 1118609727
  • Language : En, Es, Fr & De
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After two decades of evolution and transformation, London hadbecome one of the most open and cosmopolitan cities in the world.The success of the 2012 Olympics set a high water-mark in thevisible success of the city, while its influence and soft powerincreased in the global systems of trade, capital, culture,knowledge, and communications. The Making of a World City: London 1991 - 2021 sets out in cleardetail both the catalysts that have enabled London to succeed andalso the qualities and underlying values that are at play:London’s openness and self-confidence, its inventiveness,influence, and its entrepreneurial zeal. London’s organic,unplanned, incremental character, without a ruling design code orguiding master plan, proves to be more flexible than any plannedcity can be. Cities are high on national and regional agendas as we all tryto understand the impact of global urbanisation and there-urbanisation of the developed world. If we can explainLondon’s successes and her remaining challenges, we canunlock a better understanding of how cities succeed.

Information Technology Investment

Information Technology Investment
Decision-making Methodology

by Marc J. Schniederjans,Jamie L. Hamaker,Ashlyn M. Schniederjans

  • Publisher : World Scientific
  • Release : 2010
  • Pages : 442
  • ISBN : 981428257X
  • Language : En, Es, Fr & De
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From the individual to the largest organization, everyone today has to make investments in IT. Making a smart investment that will best satisfy all the necessary decision-making criteria requires careful and inclusive analysis. This textbook provides an up-to-date, in-depth understanding of the methodologies available to aid in this complex process of multi-criteria decision-making. It guides readers on the process of technology acquisition ? what methods to use to make IT investment decisions, how to choose the technology and justify its selection, and how the decision will impact the organization.Unique to this textbook are both financial investment models and more complex decision-making models from the field of management science so that readers can extend the analysis benefits to enhance and confirm their IT investment choices. The wide range of methodologies featured in the book gives readers the opportunity to customize their best-fit solutions for their unique IT decision situation. This textbook is especially ideal for educators and students involved in programs dealing with technology management, operations management, applied finance, operations research, and industrial engineering.A complimentary copy of the ?Instructor's Manual and Test Bank? and the PowerPoint presentations of the text materials are available for all instructors who adopt this book as a course text. Please send your request to [email protected]

Simple Rules

Simple Rules
How to Thrive in a Complex World

by Donald Sull,Kathleen M. Eisenhardt

  • Publisher : Houghton Mifflin Harcourt
  • Release : 2015-04-21
  • Pages : 288
  • ISBN : 0544409906
  • Language : En, Es, Fr & De
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Outlines an approach to high-performance problem-solving and decision-making that draws on insights from survival guides, pop culture and other sources. Co-written by the award-winning author of The Upside of Turbulence. 75,000 first printing.

Internet of Things Based on Smart Objects

Internet of Things Based on Smart Objects
Technology, Middleware and Applications

by Giancarlo Fortino,Paolo Trunfio

  • Publisher : Springer Science & Business Media
  • Release : 2014-04-04
  • Pages : 198
  • ISBN : 3319004913
  • Language : En, Es, Fr & De
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The Internet of Things (IoT) usually refers to a world-wide network of interconnected heterogeneous objects (sensors, actuators, smart devices, smart objects, RFID, embedded computers, etc) uniquely addressable, based on standard communication protocols. Beyond such a definition, it is emerging a new definition of IoT seen as a loosely coupled, decentralized system of cooperating smart objects (SOs). A SO is an autonomous, physical digital object augmented with sensing/actuating, processing, storing, and networking capabilities. SOs are able to sense/actuate, store, and interpret information created within themselves and around the neighbouring external world where they are situated, act on their own, cooperate with each other, and exchange information with other kinds of electronic devices and human users. However, such SO-oriented IoT raises many in-the-small and in-the-large issues involving SO programming, IoT system architecture/middleware and methods/methodologies for the development of SO-based applications. This Book will specifically focus on exploring recent advances in architectures, algorithms, and applications for an Internet of Things based on Smart Objects. Topics appropriate for this Book include, but are not necessarily limited to: - Methods for SO development - IoT Networking - Middleware for SOs - Data Management for SOs - Service-oriented SOs - Agent-oriented SOs - Applications of SOs in Smart Environments: Smart Cities, Smart Health, Smart Buildings, etc. Advanced IoT Projects.

Annual Report

Annual Report
A Book

by Macaulay Land Use Research Institute

  • Publisher : Unknown Publisher
  • Release : 1998
  • Pages : 329
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Harvard Business School Bulletin

Harvard Business School Bulletin
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 1998
  • Pages : 329
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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