PPT-Decision-Making Under Uncertainty

Overview Two models of decisionmaking under uncertainty Nondeterministic uncertainty Probabilistic uncertainty In particular what is the rational action in the presence of repeated states Game Playing Review. Creativity, and Entrepreneurship. chapter seven. McGraw-Hill/Irwin. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.. Learning Objectives. Understand the nature of managerial decision making, differentiate . Creativity, and Entrepreneurship. chapter seven. McGraw-Hill/Irwin. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.. Learning Objectives. Understand the nature of managerial decision making, differentiate . Manipulating symbols. Last class. Typology of signs. Sign systems. Symbols. Tremendously important distinctions for informatics and computational sciences. Computation = symbol manipulation. Symbols can be manipulated without reference to content (syntactically. Karl A. Smith. Engineering Education – Purdue University. Technological Leadership Institute/ STEM . Education Center/ Civil . Engineering . - University of Minnesota. ksmith@umn.edu - http. ://www.ce.umn.edu/~smith. © John Wiley & Sons Canada, Ltd.. Business Leadership: Management Fundamentals. John R. . Schermerhorn. , Jr. ., . Barry Wright, and Lorie Guest. Understand the role of . information in . the management process. Making Uncertainty Valuable not Risky. About KCA. Management Consultancy focused on Energy, Technology, and Related Markets.. Work with clients to develop and implement game-changing strategies, improve operational efficiencies, and reduce costs through long-term competitive advantage.. Saleem Bahaj & . Angus Foulis. 21st November 2016. The views expressed in this presentation are those of the presenter and not necessarily those of the . Bank of England or members of the MPC, FPC or PRA Board.. Dr. . Y. İlker TOPCU. www.ilkertopcu.. net. . www.. ilkertopcu. .org. . www.. ilkertopcu. .. info. facebook.com/. yitopcu. . twitter.com/. yitopcu. instagram.com/. yitopcu. Dr. Özgür KABAK. Guidelines on Discerning . God. ’. s Will & Wisdom in Life. ’. s Decisions. Buck Anderson. Pastor, Leadership Development. Grace Bible Church. Biblical Decision-Making. The Usual Questions. Choice of college. Alyssa Candelario and Shannon Baker. What is Reasoning?. The action of thinking about something in a . r. ational and realistic way, which leads to a decision.. Two types of Reasoning. Inductive: . working . SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. Prof. Dr. . Y. İlker TOPCU. www.ilkertopcu.. net. . www.. ilkertopcu. .org. . www.. ilkertopcu. .. info. facebook.com/. yitopcu. . twitter.com/. yitopcu. instagram.com/. yitopcu. web.itu.edu.tr/. Statin Choice Decision Aid Share-Decision Making SCIP Shared Decision Making Shared Decision Making Glasziou and Haynes ACP JC 2005 Promote a process where patients and clinicians make a choice together. Uncertainty. Irreducible uncertainty . is inherent to a system. Epistemic uncertainty . is caused by the subjective lack of knowledge by the algorithm designer. In optimization problems, uncertainty can be represented by a vector of random variables .