Project Selection Under Uncertainty

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Project Selection Under Uncertainty

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Author : Stylianos Kavadias
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Project Selection Under Uncertainty written by Stylianos Kavadias 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 2012-12-06 with Business & Economics categories.

Project Selection Under Uncertainty is the result of a five-year research program on the selection of projects in New Product Development (NPD). Choosing the New Product Development portfolio is of critical importance in today's business environment. The NPD portfolio has considerable strategic effect on the "middle term" success of a business. This book takes a step in developing a theory that addresses the need for quantitative prioritization criteria within the broader strategic context of the R&D portfolios. Its foundation lies in mathematical theory of resource-constrained optimization with the goal to maximize quantitative returns. The book seeks to broaden the portfolio discussion in two ways. First, simplified models - appropriate for the data-poor NPD context - are developed, which attempt to illuminate the structure of the choice problem and robust qualitative rules of thumb, rather than detailed algorithmic decision support. Such robust rules can be applied in the R&D environment of poor data availability. Second, the annual portfolio review is not the only important choice in resource allocation. In addition, the book discusses how ideas might be pre-screened as they emerge, and how projects should be prioritized once they are funded and ongoing.

Decision Making Under Deep Uncertainty

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Author : Vincent A. W. J. Marchau
language : en
Publisher: Springer
Release Date : 2019-04-04

Decision Making Under Deep Uncertainty written by Vincent A. W. J. Marchau and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-04 with Business & Economics categories.

This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares.

Nasa Sp 7500

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Author : United States. National Aeronautics and Space Administration
language : en
Publisher:
Release Date : 1980

Nasa Sp 7500 written by United States. National Aeronautics and Space Administration and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with categories.

Mechanical Engineers Handbook Volume 3

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Author : Myer Kutz
language : en
Publisher: John Wiley & Sons
Release Date : 2015-02-06

Mechanical Engineers Handbook Volume 3 written by Myer Kutz 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 2015-02-06 with Technology & Engineering categories.

Full coverage of manufacturing and management in mechanical engineering Mechanical Engineers' Handbook, Fourth Edition provides a quick guide to specialized areas that engineers may encounter in their work, providing access to the basics of each and pointing toward trusted resources for further reading, if needed. The book's accessible information offers discussions, examples, and analyses of the topics covered, rather than the straight data, formulas, and calculations found in other handbooks. No single engineer can be a specialist in all areas that they are called upon to work in. It's a discipline that covers a broad range of topics that are used as the building blocks for specialized areas, including aerospace, chemical, materials, nuclear, electrical, and general engineering. This third volume of Mechanical Engineers' Handbook covers Manufacturing & Management, and provides accessible and in-depth access to the topics encountered regularly in the discipline: environmentally benign manufacturing, production planning, production processes and equipment, manufacturing systems evaluation, coatings and surface engineering, physical vapor deposition, mechanical fasteners, seal technology, statistical quality control, nondestructive inspection, intelligent control of material handling systems, and much more. Presents the most comprehensive coverage of the entire discipline of Mechanical Engineering Focuses on the explanation and analysis of the concepts presented as opposed to a straight listing of formulas and data found in other handbooks Offers the option of being purchased as a four-book set or as single books Comes in a subscription format through the Wiley Online Library and in electronic and other custom formats Engineers at all levels of industry, government, or private consulting practice will find Mechanical Engineers' Handbook, Volume 3 an "off-the-shelf" reference they'll turn to again and again.

Management

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Author :
language : en
Publisher:
Release Date : 1978

Management written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Industrial engineering categories.

Models Methods For Project Selection

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Author : Samuel B. Graves
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Models Methods For Project Selection written by Samuel B. Graves 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 2012-12-06 with Business & Economics categories.

Models & Methods for Project Selection systematically examines in this book treatment the latest work in the field of project selection modeling. The models presented are drawn from mathematical programming, decision theory, and finance. These models are examined in two categorical streams: the management science stream and the financial model stream. The book describes the assumptions and limitations of each model and provides appropriate solution methodologies. Its organization follows three main themes: *Criteria for Choice: Chapters 1-3 investigate the effect of the choice of optimization criteria on the results of the portfolio optimization problem. *Risk and Uncertainty: Chapters 4-7 deal with uncertainty in the project selection problem. *Non-Linearity and Interdependence: These chapters deal with problems of non-linearity and interdependence as they arise in the project selection problem. Chapters 8, 9 and 10 present solution methodologies, which can be used to solve these most general project selection models.

Multiple Criteria Decision Making

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Author : Y. Ilker Topcu
language : en
Publisher: Springer Nature
Release Date : 2021-03-24

Multiple Criteria Decision Making written by Y. Ilker Topcu and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-24 with Business & Economics categories.

Data and its processed state 'information' have become an indispensable resource for virtually all aspects of business, education, etc. Consequently, decisions regarding the handling of this data, transforming it into meaningful information, and ultimately arriving at the best course of action have taken on a new importance. This book highlights a selection of cutting-edge research on decision making presented at the 25th International Conference on Multiple Criteria Decision Making (MCDM 2019), held in Istanbul, Turkey.

Operations Research And Enterprise Systems

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Author : Greg H. Parlier
language : en
Publisher: Springer Nature
Release Date : 2022-07-29

Operations Research And Enterprise Systems written by Greg H. Parlier and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-29 with Computers categories.

This book includes extended and revised versions of selected papers from the 9th and 10th edition of the International Conference on Operations Research and Enterprise Systems (ICORES 2020 and ICORES 2021). ICORES 2020 was held in Valletta, Malta from 22 – 24 of February 2020, and ICORES 2021 was held as an online event due to the Covid-19 pandemic, from 4 – 6 of February 2021. The 11 full papers included in this book were carefully reviewed and selected from 132 submissions. The ICORES 2020 and 2021 book contains extended and revised version of proceedings papers dealing with operations research and enterprise systems.

Handbook Of Measurement In Science And Engineering Volume 1

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Author : Myer Kutz
language : en
Publisher: John Wiley & Sons
Release Date : 2015-12-01

Handbook Of Measurement In Science And Engineering Volume 1 written by Myer Kutz 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 2015-12-01 with Technology & Engineering categories.

A multidisciplinary reference of engineering measurement tools, techniques, and applications Volume 1 "When you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely in your thoughts advanced to the stage of science." Lord Kelvin Measurement falls at the heart of any engineering discipline and job function. Whether engineers are attempting to state requirements quantitatively and demonstrate compliance; to track progress and predict results; or to analyze costs and benefits, they must use the right tools and techniques to produce meaningful, useful data. The Handbook of Measurement in Science and Engineering is the most comprehensive, up-to-date reference set on engineering measurements beyond anything on the market today. Encyclopedic in scope, Volume 1 spans several disciplines Civil and Environmental Engineering, Mechanical and Biomedical Engineering, and Industrial Engineering and covers: New Measurement Techniques in Structural Health Monitoring Traffic Congestion Management Measurements in Environmental Engineering Dimensions, Surfaces, and Their Measurement Luminescent Method for Pressure Measurement Vibration Measurement Temperature Measurement Force Measurement Heat Transfer Measurements for Non-Boiling Two-Phase Flow Solar Energy Measurements Human Movement Measurements Physiological Flow Measurements GIS and Computer Mapping Seismic Testing of Highway Bridges Hydrology Measurements Mobile Source Emissions Testing Mass Properties Measurement Resistive Strain Measurement Devices Acoustics Measurements Pressure and Velocity Measurements Heat Flux Measurement Wind Energy Measurements Flow Measurement Statistical Quality Control Industrial Energy Efficiency Industrial Waste Auditing Vital for engineers, scientists, and technical managers in industry and government, Handbook of Measurement in Science and Engineering will also prove ideal for members of major engineering associations and academics and researchers at universities and laboratories.

Evolutionary And Memetic Computing For Project Portfolio Selection And Scheduling

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Author : Kyle Robert Harrison
language : en
Publisher: Springer Nature
Release Date : 2021-11-13

Evolutionary And Memetic Computing For Project Portfolio Selection And Scheduling written by Kyle Robert Harrison and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-13 with Technology & Engineering categories.

This book consists of eight chapters, authored by distinguished researchers and practitioners, that highlight the state of the art and recent trends in addressing the project portfolio selection and scheduling problem (PPSSP) across a variety of domains, particularly defense, social programs, supply chains, and finance. Many organizations face the challenge of selecting and scheduling a subset of available projects subject to various resource and operational constraints. In the simplest scenario, the primary objective for an organization is to maximize the value added through funding and implementing a portfolio of projects, subject to the available budget. However, there are other major difficulties that are often associated with this problem such as qualitative project benefits, multiple conflicting objectives, complex project interdependencies, workforce and manufacturing constraints, and deep uncertainty regarding project costs, benefits, and completion times. It is well known that the PPSSP is an NP-hard problem and, thus, there is no known polynomial-time algorithm for this problem. Despite the complexity associated with solving the PPSSP, many traditional approaches to this problem make use of exact solvers. While exact solvers provide definitive optimal solutions, they quickly become prohibitively expensive in terms of computation time when the problem size is increased. In contrast, evolutionary and memetic computing afford the capability for autonomous heuristic approaches and expert knowledge to be combined and thereby provide an efficient means for high-quality approximation solutions to be attained. As such, these approaches can provide near real-time decision support information for portfolio design that can be used to augment and improve existing human-centric strategic decision-making processes. This edited book provides the reader with a broad overview of the PPSSP, its associated challenges, and approaches to addressing the problem using evolutionary and memetic computing.