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Breakthroughs In Decision Science And Risk Analysis

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Breakthroughs In Decision Science And Risk Analysis

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Author : Louis Anthony Cox, Jr.
language : en
Publisher: John Wiley & Sons
Release Date : 2015-02-18

Breakthroughs In Decision Science And Risk Analysis written by Louis Anthony Cox, Jr. and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-18 with Business & Economics categories.

Discover recent powerful advances in the theory, methods, and applications of decision and risk analysis Focusing on modern advances and innovations in the field of decision analysis (DA), Breakthroughs in Decision Science and Risk Analysis presents theories and methods for making, improving, and learning from significant practical decisions. The book explains these new methods and important applications in an accessible and stimulating style for readers from multiple backgrounds, including psychology, economics, statistics, engineering, risk analysis, operations research, and management science. Highlighting topics not conventionally found in DA textbooks, the book illustrates genuine advances in practical decision science, including developments and trends that depart from, or break with, the standard axiomatic DA paradigm in fundamental and useful ways. The book features methods for coping with realistic decision-making challenges such as online adaptive learning algorithms, innovations in robust decision-making, and the use of a variety of models to explain available data and recommend actions. In addition, the book illustrates how these techniques can be applied to dramatically improve risk management decisions. Breakthroughs in Decision Science and Risk Analysis also includes: An emphasis on new approaches rather than only classical and traditional ideas Discussions of how decision and risk analysis can be applied to improve high-stakes policy and management decisions Coverage of the potential value and realism of decision science within applications in financial, health, safety, environmental, business, engineering, and security risk management Innovative methods for deciding what actions to take when decision problems are not completely known or described or when useful probabilities cannot be specified Recent breakthroughs in the psychology and brain science of risky decisions, mathematical foundations and techniques, and integration with learning and pattern recognition methods from computational intelligence Breakthroughs in Decision Science and Risk Analysis is an ideal reference for researchers, consultants, and practitioners in the fields of decision science, operations research, business, management science, engineering, statistics, and mathematics. The book is also an appropriate guide for managers, analysts, and decision and policy makers in the areas of finance, health and safety, environment, business, engineering, and security risk management.

Breakthroughs In Decision Science And Risk Analysis

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Author : Louis Anthony Cox, Jr.
language : en
Publisher: John Wiley & Sons
Release Date : 2015-03-30

Application Of Decision Science In Business And Management

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Author : Fausto Pedro García Márquez
language : en
Publisher: BoD – Books on Demand
Release Date : 2020-03-04

Application Of Decision Science In Business And Management written by Fausto Pedro García Márquez and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-04 with Business & Economics categories.

Application of Decision Science in Business and Management is a book where each chapter has been contributed by a different author(s). The chapters introduce and demonstrate a decision-making theory to practice case studies. It demonstrates key results for each sector with diverse real-world case studies. Theory is accompanied by relevant analysis techniques, with a progressive approach building from simple theory to complex and dynamic decisions with multiple data points, including big data, lot of 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. 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.

Engineering Decision Making And Risk Management

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Author : Jeffrey W. Herrmann
language : en
Publisher: John Wiley & Sons
Release Date : 2015-04-06

Engineering Decision Making And Risk Management written by Jeffrey W. Herrmann and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-06 with Business & Economics categories.

IIE/Joint Publishers Book of the Year Award 2016! Awarded for ‘an outstanding published book that focuses on a facet of industrial engineering, improves education, or furthers the profession’. Engineering Decision Making and Risk Management emphasizes practical issues and examples of decision making with applications in engineering design and management Featuring a blend of theoretical and analytical aspects, this book presents multiple perspectives on decision making to better understand and improve risk management processes and decision-making systems. Engineering Decision Making and Risk Management uniquely presents and discusses three perspectives on decision making: problem solving, the decision-making process, and decision-making systems. The author highlights formal techniques for group decision making and game theory and includes numerical examples to compare and contrast different quantitative techniques. The importance of initially selecting the most appropriate decision-making process is emphasized through practical examples and applications that illustrate a variety of useful processes. Presenting an approach for modeling and improving decision-making systems, Engineering Decision Making and Risk Management also features: Theoretically sound and practical tools for decision making under uncertainty, multi-criteria decision making, group decision making, the value of information, and risk management Practical examples from both historical and current events that illustrate both good and bad decision making and risk management processes End-of-chapter exercises for readers to apply specific learning objectives and practice relevant skills A supplementary website with instructional support material, including worked solutions to the exercises, lesson plans, in-class activities, slides, and spreadsheets An excellent textbook for upper-undergraduate and graduate students, Engineering Decision Making and Risk Management is appropriate for courses on decision analysis, decision making, and risk management within the fields of engineering design, operations research, business and management science, and industrial and systems engineering. The book is also an ideal reference for academics and practitioners in business and management science, operations research, engineering design, systems engineering, applied mathematics, and statistics.

Causal Analytics For Applied Risk Analysis

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Author : Louis Anthony Cox Jr.
language : en
Publisher: Springer
Release Date : 2018-06-19

Causal Analytics For Applied Risk Analysis written by Louis Anthony Cox Jr. and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-19 with Business & Economics categories.

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.

Decision Science

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Author : Ethan Evans
language : en
Publisher: Publifye AS
Release Date : 2025-03-15

Decision Science written by Ethan Evans and has been published by Publifye AS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-15 with Psychology categories.

Decision Science explores the psychology behind decision-making, offering strategies for enhancing choices in professional and personal life. It delves into cognitive biases, such as confirmation bias, which can lead to systematic errors in thinking. The book also examines risk assessment frameworks for navigating uncertain environments and highlights the complex role of emotions in rationality. The book argues that decision-making is a skill that can be honed through knowledge and practice, rather than an innate talent. It integrates insights from psychology, economics, and management science to provide a holistic approach. By understanding the psychological factors influencing our decisions, individuals can make more informed choices in business strategy, investment management, and personal finance. The book progresses from foundational principles of behavioral economics and cognitive psychology to practical applications. It dedicates sections to risk assessment and emotional intelligence, equipping readers with tools and techniques. Decision Science offers real-world case studies and experimental data, providing a concrete framework for improving decision quality.

Practical Applications Of Data Processing Algorithms And Modeling

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Author : Whig, Pawan
language : en
Publisher: IGI Global
Release Date : 2024-04-29

Practical Applications Of Data Processing Algorithms And Modeling written by Whig, Pawan and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-29 with Computers categories.

In today's data-driven era, the persistent gap between theoretical understanding and practical implementation in data science poses a formidable challenge. As we navigate through the complexities of harnessing data, deciphering algorithms, and unleashing the potential of modeling techniques, the need for a comprehensive guide becomes increasingly evident. This is the landscape explored in Practical Applications of Data Processing, Algorithms, and Modeling. This book is a solution to the pervasive problem faced by aspiring data scientists, seasoned professionals, and anyone fascinated by the power of data-driven insights. From the web of algorithms to the strategic role of modeling in decision-making, this book is an effective resource in a landscape where data, without proper guidance, risks becoming an untapped resource. The objective of Practical Applications of Data Processing, Algorithms, and Modeling is to address the pressing issue at the heart of data science – the divide between theory and practice. This book seeks to examine the complexities of data processing techniques, algorithms, and modeling methodologies, offering a practical understanding of these concepts. By focusing on real-world applications, the book provides readers with the tools and knowledge needed to bridge the gap effectively, allowing them to apply these techniques across diverse industries and domains. In the face of constant technological advancements, the book highlights the latest trends and innovative approaches, fostering a deeper comprehension of how these technologies can be leveraged to solve complex problems. As a practical guide, it empowers readers with hands-on examples, case studies, and problem-solving scenarios, aiming to instill confidence in navigating data challenges and making informed decisions using data-driven insights.

Novel Ai And Data Science Advancements For Sustainability In The Era Of Covid 19

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Author : Victor Chang
language : en
Publisher: Academic Press
Release Date : 2022-04-05

Novel Ai And Data Science Advancements For Sustainability In The Era Of Covid 19 written by Victor Chang and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-05 with Medical categories.

Novel AI and Data Science Advancements for Sustainability in the Era of COVID-19 discusses how the role of recent technologies applied to health settings can help fight virus outbreaks. Moreover, it provides guidelines on how governments and institutions should prepare and quickly respond to drastic situations using technology to support their communities in order to maintain life and functional as efficiently as possible. The book discusses topics such as AI-driven histopathology analysis for COVID-19 diagnosis, bioinformatics for subtype rational drug design, deep learning-based treatment evaluation and outcome prediction, sensor informatics for monitoring infected patients, and machine learning for tracking and prediction models. In addition, the book presents AI solutions for hospital management during an epidemic or pandemic, along with real-world solutions and case studies of successful measures to support different types of communities. This is a valuable source for medical informaticians, bioinformaticians, clinicians and other healthcare workers and researchers who are interested in learning more on how recently developed technologies can help us fight and minimize the effects of global pandemics. - Discusses AI advancements in predictive and decision modeling and how to design mobile apps to track contagion spread - Presents the smart contract concept in blockchain and cryptography technology to guarantee security and privacy of people's data once their information has been used to fight the pandemic - Encompasses guidelines for emergency preparedness, planning, recovery and continuity management of communities to support people in emergencies like a virus outbreak

The Science Of Risk Analysis

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Author : Terje Aven
language : en
Publisher: Routledge
Release Date : 2019-06-21

The Science Of Risk Analysis written by Terje Aven and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-21 with Business & Economics categories.

This book provides a comprehensive demonstration of risk analysis as a distinct science covering risk understanding, assessment, perception, communication, management, governance and policy. It presents and discusses the key pillars of this science, and provides guidance on how to conduct high-quality risk analysis. The Science of Risk Analysis seeks to strengthen risk analysis as a field and science by summarizing and extending current work on the topic. It presents the foundation for a distinct risk field and science based on recent research, and explains the difference between applied risk analysis (to provide risk knowledge and tackle risk problems in relation to for example medicine, engineering, business or climate change) and generic risk analysis (on concepts, theories, frameworks, approaches, principles, methods and models to understand, assess, characterise, communicate, manage and govern risk). The book clarifies and describes key risk science concepts, and builds on recent foundational work conducted by the Society for Risk Analysis in order to provide new perspectives on science and risk analysis. The topics covered are accompanied by cases and examples relating to current issues throughout. This book is essential reading for risk analysis professionals, scientists, students and practitioners, and will also be of interest to scientists and practitioners from other fields who apply risk analysis in their work.

Data Science

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Author : Pallavi Vijay Chavan
language : en
Publisher: CRC Press
Release Date : 2022-08-15

Data Science written by Pallavi Vijay Chavan and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-15 with Business & Economics categories.

This book covers the topic of data science in a comprehensive manner and synthesizes both fundamental and advanced topics of a research area that has now reached its maturity. The book starts with the basic concepts of data science. It highlights the types of data and their use and importance, followed by a discussion on a wide range of applications of data science and widely used techniques in data science. Key Features • Provides an internationally respected collection of scientific research methods, technologies and applications in the area of data science. • Presents predictive outcomes by applying data science techniques to real-life applications. • Provides readers with the tools, techniques and cases required to excel with modern artificial intelligence methods. • Gives the reader a variety of intelligent applications that can be designed using data science and its allied fields. The book is aimed primarily at advanced undergraduates and graduates studying machine learning and data science. Researchers and professionals will also find this book useful.

Breakthroughs In Decision Science And Risk Analysis

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