"Value" of additional information in multicriterion analysis under uncertainty

Article Abstract:

The Bayesian approach was extended to undertake a multicriterion analysis of an uncertainty that is associated with the creation of random variables with subjective probability distributions a priori. In conducting a multicriterion analysis, an outranking approach is utilized since the decision maker's utility function is unknown. Such procedure is non-exhaustive and effectively illustrates, with help of distance measure, the value of additional information.

Bayesian statistical decision theory, Bayesian analysis, Stochastic processes

---

An analysis of the impact of chaotic dynamics on management information flow models

Article Abstract:

Dynamic mathematical models is often used to assist management. When model generates chaotic result under certain circumstances, decisions based on the use of that model are highly affected. Moreover, when some models are simultaneously employed, the relations between then may lead to chaotic results, even if no individual model displays such behavior.

Management-Problem Solving, Human resource management, Mathematical models, Management research, Problem solving

---

Firms' R&D decisions under incomplete information

Article Abstract:

Research is presented concerning the analysis of the outcome of a patents race between two business enterprises who are unaware of one another's research and development progress. Rent dissipation is discussed.

Management, Science and technology policy, Business enterprises, Patents, Economic rent

Similar abstracts:

• Abstracts: Qualitative company performance evaluation: linear discriminant analysis and neural network models. Reinforcement learning in neurofuzzy traffic signal control
• Abstracts: Lp-metric sensitivity analysis for single and multi-attribute decision analysis. Comparing the predictive validity of alternatively assessed multi-attribute preference models when relevant decision attributes are missing
• Abstracts: A continuing source of innovation in concrete. Safer than you think
• Abstracts: Scheduling multiple variant programs under hard real-time constraint. A cutting plane algorithm for a single machine scheduling problem
• Abstracts: Terminal Two opens in Dubai. Caracas to double capacity. Prince open Bilbao terminal

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.