“…It is the enlightened selection and the accurate capture of the critical indicators most useful to the business managers, within the organisation's currently available data sources, which is problematic. Pomerol (1997) differentiates between the 'diagnosis' and the 'look ahead' aspects of the decision process. Diagnosis relates to the current state, which is known with some certainty.…”
Section: Decision Making Information Demandmentioning
confidence: 99%
“…newell and Simon (1972) use the term "heuristic search method" to describe a mental model of search formulation for solving numerical, logical and other kinds of cognitive problems, and they suggest the effectiveness of particular heuristics as a function of the structure of the decision problem. Heuristic search is considered as 'what-if' analysis, which is regularly used to perform either sensitivity analysis or robustness analysis when comparing input variables for decision outcome exploration (Pomerol, 1997). The decision maker's evaluation of the outcome set incorporates their own heuristics and preferences.…”
Section: The Integration Of Supply and Demandmentioning
The organisational decision making environment is complex and decision makers must deal with uncertainty and ambiguity on a continuous basis. Managing and handling decision problems and implementing a solution requires an understanding of the complexity of the decision domain to the point where the problem and its complexity as well as the requirement for supporting decision makers, can be described. This papers presents a synthesis of the ideal of what information supply should be and the information demand that decision makers require. A model is presented which links management decision making information demand and information supply. The model facilitates a more refined perception of the decision making landscape of an organisation, and a corresponding definitive avenue for the development of decision support dedicated to the different levels that have been revealed by the application of a cognitive representation model.
“…It is the enlightened selection and the accurate capture of the critical indicators most useful to the business managers, within the organisation's currently available data sources, which is problematic. Pomerol (1997) differentiates between the 'diagnosis' and the 'look ahead' aspects of the decision process. Diagnosis relates to the current state, which is known with some certainty.…”
Section: Decision Making Information Demandmentioning
confidence: 99%
“…newell and Simon (1972) use the term "heuristic search method" to describe a mental model of search formulation for solving numerical, logical and other kinds of cognitive problems, and they suggest the effectiveness of particular heuristics as a function of the structure of the decision problem. Heuristic search is considered as 'what-if' analysis, which is regularly used to perform either sensitivity analysis or robustness analysis when comparing input variables for decision outcome exploration (Pomerol, 1997). The decision maker's evaluation of the outcome set incorporates their own heuristics and preferences.…”
Section: The Integration Of Supply and Demandmentioning
The organisational decision making environment is complex and decision makers must deal with uncertainty and ambiguity on a continuous basis. Managing and handling decision problems and implementing a solution requires an understanding of the complexity of the decision domain to the point where the problem and its complexity as well as the requirement for supporting decision makers, can be described. This papers presents a synthesis of the ideal of what information supply should be and the information demand that decision makers require. A model is presented which links management decision making information demand and information supply. The model facilitates a more refined perception of the decision making landscape of an organisation, and a corresponding definitive avenue for the development of decision support dedicated to the different levels that have been revealed by the application of a cognitive representation model.
“…To do so, decisional entities usually put together some planning, which is the sequence of actions or sub-actions that will leads from their current state to the objective (Pomerol, 1997). A decisional entity is also socially myopic due to its finite computation capabilities to construct such planning.…”
Section: The Social Dimension Of Myopic Behaviormentioning
“…In this paper, we use the sequence of weights {w i t } T t=0 in (15) rather than the sequence of weights {w i t } n+T −1 t=0 in (9). The following equation gives a computation rule regarding capacities.…”
Section: Dynamic Decision Making Model and Score Rankingmentioning
Abstract. This paper presents a mathematical model for dynamic decision making with an objective function induced from fuzzy preferences. The fuzzy preference is related to decision making in artificial intelligence, and this paper models human behavior based on his fuzzy preferences. A reasonable criterion based on fuzzy preferences is formulated for the dynamic decision making, and an optimality equation for this model is derived by dynamic programming.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.