Data Models And Decisions

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Data Models And Decisions

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Author : Dimitris Bertsimas
language : en
Publisher: Ingram
Release Date : 2004

Data Models And Decisions written by Dimitris Bertsimas and has been published by Ingram this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.

Combines topics from two traditionally distinct quantitative subjects, probability/statistics and management science/optimization, in a unified treatment of quantitative methods and models for management. Stresses those fundamental concepts that are most important for the practical analysis of management decisions: modeling and evaluating uncertainty explicitly, understanding the dynamic nature of decision-making, using historical data and limited information effectively, simulating complex systems, and allocating scarce resources optimally.

Data Models And Decisions

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Author : Dimistris Bertsimas
language : en
Publisher:
Release Date : 2005

Data Models And Decisions written by Dimistris Bertsimas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.

Data Models And Decisions

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Author : Dimitris (Massachusetts Institute of Technology Bertsimas
language : de
Publisher:
Release Date : 2002

Data Models And Decisions written by Dimitris (Massachusetts Institute of Technology Bertsimas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.

Data Modeling And Decisions

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Author : A. CHARNES
language : en
Publisher:
Release Date : 1965

Data Modeling And Decisions written by A. CHARNES and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1965 with categories.

Past experience with models--and related methods of analysis--may be an inadequate guide for managers considering a use of new tools now available. The latter, viewed as multiple-variable systems models, may differ in their data requirements and decision possibilities in comparison with predecessors that could handle only a few variables at a time. In approaching these new tools it is desirable to consider using the models as guides to data collection as well as decisions. This refers not only to data variety but also to data quality as judged by reference to the model itself. It may then be possible to eliminate needless expenditures of time and money on collecting or refining data. It is also desirable to consider integrating the modelling and decision making. Evaluations may then be secured which can guide alterations to the model and also open new decision possibilities which would otherwise not be apparent. The value of such a joint approach to data, models and decisions is examined and illustrated in the following article with special reference to media mix and new products marketing applications. (Author).

Loss Models

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Author : Stuart A. Klugman
language : en
Publisher: John Wiley & Sons
Release Date : 2012-01-25

Loss Models written by Stuart A. Klugman 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 2012-01-25 with Business & Economics categories.

An update of one of the most trusted books on constructing and analyzing actuarial models Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events. This book maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models. Random variables, basic distributional quantities, the recursive method, and techniques for classifying and creating distributions are also discussed. Both parametric and non-parametric estimation methods are thoroughly covered along with advice for choosing an appropriate model. Features of the Third Edition include: Extended discussion of risk management and risk measures, including Tail-Value-at-Risk (TVaR) New sections on extreme value distributions and their estimation Inclusion of homogeneous, nonhomogeneous, and mixed Poisson processes Expanded coverage of copula models and their estimation Additional treatment of methods for constructing confidence regions when there is more than one parameter The book continues to distinguish itself by providing over 400 exercises that have appeared on previous SOA and CAS examinations. Intriguing examples from the fields of insurance and business are discussed throughout, and all data sets are available on the book's FTP site, along with programs that assist with conducting loss model analysis. Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA and CAS preliminary examinations. It is also a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work. To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/actuarialexamprep.

Statistics Data Analysis And Decision Modeling

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Author : James Robert Evans
language : en
Publisher: Prentice Hall
Release Date : 2007

Statistics Data Analysis And Decision Modeling written by James Robert Evans and has been published by Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.

This book covers basic concepts of business statistics, data analysis, and management science in a spreadsheet environment. Practical applications are emphasized throughout the book for business decision-making; a comprehensive database is developed, with marketing, financial, and production data already formatted on Excel worksheets. This shows how real data is used and decisions are made. Using Excel as the basic software, and including such add-ins as PHStat2, Crystal Ball, and TreePlan, this book covers a wide variety of topics related to business statistics: statistical thinking in business; displaying and summarizing data; random variables; sampling; regression analysis; forecasting; statistical quality control; risk analysis and Monte-Carlo simulation; systems simulation modeling and analysis; selection models and decision analysis; optimization modeling; and solving and analyzing optimization models. For those employed in the fields of quality control, management science, operations management, statistical science, and those who need to interpret data to make informed business decisions.

Modeling Decisions

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Author : Vicenç Torra
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-05-11

Modeling Decisions written by Vicenç Torra and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-11 with Computers categories.

This book covers the underlying science and application issues related to aggregation operators, focusing on tools used in practical applications that involve numerical information. It will thus be required reading for engineers, statisticians and computer scientists of all kinds. Starting with detailed introductions to information fusion and integration, measurement and probability theory, fuzzy sets, and functional equations, the authors then cover numerous topics in detail, including the synthesis of judgements, fuzzy measures, weighted means and fuzzy integrals.

Building Models For Marketing Decisions

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Author : Peter S.H. Leeflang
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29

Building Models For Marketing Decisions written by Peter S.H. Leeflang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Business & Economics categories.

This book is about marketing models and the process of model building. Our primary focus is on models that can be used by managers to support marketing decisions. It has long been known that simple models usually outperform judgments in predicting outcomes in a wide variety of contexts. For example, models of judgments tend to provide better forecasts of the outcomes than the judgments themselves (because the model eliminates the noise in judgments). And since judgments never fully reflect the complexities of the many forces that influence outcomes, it is easy to see why models of actual outcomes should be very attractive to (marketing) decision makers. Thus, appropriately constructed models can provide insights about structural relations between marketing variables. Since models explicate the relations, both the process of model building and the model that ultimately results can improve the quality of marketing decisions. Managers often use rules of thumb for decisions. For example, a brand manager will have defined a specific set of alternative brands as the competitive set within a product category. Usually this set is based on perceived similarities in brand characteristics, advertising messages, etc. If a new marketing initiative occurs for one of the other brands, the brand manager will have a strong inclination to react. The reaction is partly based on the manager's desire to maintain some competitive parity in the mar keting variables.

Preferences And Decisions

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Author : Salvatore Greco
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-10-05

Preferences And Decisions written by Salvatore Greco and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-05 with Computers categories.

Decision making is an omnipresent, most crucial activity of the human being, and also of virtually all artificial broadly perceived “intelligent” systems that try to mimic human behavior, reasoning and choice processes. It is quite obvious that such a relevance of decision making had triggered vast research effort on its very essence, and attempts to develop tools and techniques which would make it possible to somehow mimic human decision making related acts, even to automate decision making processes that had been so far reserved for the human beings. The roots of those attempts at a scientific analysis can be traced to the ancient times but – clearly – they have gained momentum in the recent 50 or 100 years following a general boom in science. Depending on the field of science, decision making can be viewed in different ways. The most general view can be that decision making boils down to some cognitive, mental process(es) that lead to the selection of an option or a course of action among several alternatives. Then, looking in a deeper way, from a psychological perspective this process proceeds in the context of a set of needs, preferences, rational choice of an individual, a group of individuals, or even an organization. From a cognitive perspective, the decision making process proceeds in the context of various interactions with the environment.

Data Modeling And Decision Making

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Author : R.J. Verhaeghe
language : en
Publisher:
Release Date : 2007

Data Modeling And Decision Making written by R.J. Verhaeghe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.