Uncertainty And Business Decisions
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Uncertainty And Business Decisions
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Author : Charles Frederick Carter
language : en
Publisher: Liverpool, U.P
Release Date : 1962
Uncertainty And Business Decisions written by Charles Frederick Carter and has been published by Liverpool, U.P this book supported file pdf, txt, epub, kindle and other format this book has been release on 1962 with Decision making categories.
Uncertainty And Business Decisions
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Author : Charles Frederick Carter
language : en
Publisher:
Release Date : 1957
Uncertainty And Business Decisions written by Charles Frederick Carter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with categories.
Planning On Uncertainty
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Author : Ruth Prince Mack
language : en
Publisher: John Wiley & Sons
Release Date : 1971
Planning On Uncertainty written by Ruth Prince Mack 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 1971 with Business & Economics categories.
Uncertainty And Behaviour
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Author : Melanie E. Kreye
language : en
Publisher: Routledge
Release Date : 2016-04-14
Uncertainty And Behaviour written by Melanie E. Kreye and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-14 with Business & Economics categories.
Uncertainty affects us in our everyday lives, and in a wide range of situations but how do individuals and indeed organisations respond to uncertainty and how does it impact their decision-making and actions? Based on the latest developments in academic research, the author offers solid advice on how to manage uncertainty in every-day life, bringing a new perspective to these issues and extrapolating this to offer implications for an organisational and managerial context. The author brings this emerging area of research to a wider audience by: Tying together insights from various fields including psychology, engineering, business and management. Creating a framework for usefully applying the research concepts in every-day life. Extrapolating insights from the psychology of individual decision makers to the organisational context and managerial decision-making. Creating highly applicable and impactful recommendations for how managers, organisations, and every day people can understand and manage uncertainty in their life. The book is divided into two main parts. Part I deals with the behaviour of individuals facing uncertainty and includes accessible explanations and examples of every-day applications, while Part II deals with behaviour in organisations facing uncertainty, where insights from Part I are combined and related to the organisational and work context to explore how, for example, (mis)-perceptions and decision-making biases impact managerial life. This is a must read for both managers and those who are seeking to better understand their own behaviour and management approach.
Probability And Statistics For Business Decisions
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Author : Robert Schlaifer
language : en
Publisher:
Release Date : 1959
Probability And Statistics For Business Decisions written by Robert Schlaifer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with Industrial management categories.
Decision Making Under Uncertainty
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Author : David E. Bell
language : en
Publisher: Thomson South-Western
Release Date : 1995
Decision Making Under Uncertainty written by David E. Bell and has been published by Thomson South-Western this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
These authors draw on nearly 50 years of combined teaching and consulting experience to give readers a straightforward yet systematic approach for making estimates about the likelihood and consequences of future events -- and then using those assessments to arrive at sound decisions. The book's real-world cases, supplemented with expository text and spreadsheets, help readers master such techniques as decision trees and simulation, such concepts as probability, the value of information, and strategic gaming; and such applications as inventory stocking problems, bidding situations, and negotiating.
Design Decisions Under Uncertainty With Limited Information
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Author : Efstratios Nikolaidis
language : en
Publisher: CRC Press
Release Date : 2011-02-18
Design Decisions Under Uncertainty With Limited Information written by Efstratios Nikolaidis and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-18 with Technology & Engineering categories.
Today's business environment involves design decisions with significant uncertainty. To succeed, decision-makers should replace deterministic methods with a risk-based approach that accounts for the decision maker’s risk tolerance. In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a methodology to model uncertainty and make choices when we have limited information. This methodology must use all available information and rely only on assumptions that are supported by evidence. This book explains theories and tools to represent uncertainty using both data and expert judgment. It teaches the reader how to make design or business decisions when there is limited information with these tools. Readers will learn a structured, risk-based approach, which is based on common sense principles, for design and business decisions. These decisions are consistent with the decision-maker’s risk attitude. The book is exceptionally suited as educational material because it uses everyday language and real-life examples to elucidate concepts. It demonstrates how these concepts touch our lives through many practical examples, questions and exercises. These are designed to help students learn that first they should understand a problem and then establish a strategy for solving it, instead of using trial-and-error approaches. This volume is intended for undergraduate and graduate courses in mechanical, civil, industrial, aerospace, and ocean engineering and for researchers and professionals in these disciplines. It will also benefit managers and students in business administration who want to make good decisions with limited information.
Uncertainty In Entrepreneurial Decision Making
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Author : Panagiotis E. Petrakis
language : en
Publisher: Springer
Release Date : 2016-04-29
Uncertainty In Entrepreneurial Decision Making written by Panagiotis E. Petrakis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-29 with Business & Economics categories.
Uncertainty in Entrepreneurial Decision Making fills an existing gap in understanding three key concepts of business management: entrepreneurship, uncertainty, and strategy. By extending the impact of uncertainty on entrepreneurship and the role of strategy in reducing uncertainty, Petrakis and Konstantakopoulou emphasize that uncertainty can be converted into creative advantage. Given that the business environment is changing both very quickly and very often, any wrong decisions taken can lead to devastation. This exciting new volume explains the reasons why we cannot see the complete the future and our position in it. This uncertainty affects entrepreneurship and how it can be turned into a competitive advantage for businesses sustainability.
Uncertainty In Strategic Decision Making
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Author : Richard J. Arend
language : en
Publisher: Springer Nature
Release Date : 2024-01-03
Uncertainty In Strategic Decision Making written by Richard J. Arend and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-03 with Business & Economics categories.
Knight (1921) defines uncertainty as an informational market failure that, while being detrimental to most existing businesses, presents possible profitable opportunities for others. This book builds upon that classic work by providing an analysis of the alternative approaches to strategic decision-making under such uncertainty. It covers what uncertainty is, why it is important, and what connections it has to business and related fields, culminating in a new and comprehensive typology and a valuable guide for how to appropriately address various types of uncertainties, even under AI. It clarifies the current terminological and categorical confusion about ‘unknowns’ while complementing the mathematical, probability-based approaches that treat uncertainty as ‘knowable’ (i.e., as risk). It corrects the mistaken approaches that treat ‘unknowables’ as ‘shapeable’ or ‘discoverable’. This book widens the perspective for viewing uncertainty, in terms of its impacts across humanity, by offering a shrewder understanding of what roles uncertainties play in human activity. It will appeal to academics across business, economics, philosophy, and other disciplines looking for approaches to apply, test, and hone for dealing with decision-making under uncertainty.
Radical Uncertainty
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Author : Mervyn King
language : en
Publisher: Hachette UK
Release Date : 2020-03-05
Radical Uncertainty written by Mervyn King and has been published by Hachette UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-05 with Business & Economics categories.
'A brilliant new book' Daily Telegraph 'Well written . . . and often entertaining' The Times 'A sparkling analysis' Prospect When uncertainty is all around us, and the facts are not clear, how can we make good decisions? We do not know what the future will hold, particularly in the midst of a crisis, but we must make decisions anyway. We regularly crave certainties which cannot exist and invent knowledge we cannot have, forgetting that humans are successful because we have adapted to an environment that we understand only imperfectly. Throughout history we have developed a variety of ways of coping with the radical uncertainty that defines our lives. This incisive and eye-opening book draws on biography, history, mathematics, economics and philosophy to highlight the most successful - and most short-sighted - methods of dealing with an unknowable future. Ultimately, the authors argue, the prevalent method of our age falls short, giving us a false understanding of our power to make predictions, leading to many of the problems we experience today. Tightly argued, provocative and written with wit and flair, Radical Uncertainty is at once an exploration of the limits of numbers and a celebration of human instinct and wisdom.