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The pace and complexity of life is increasing dramatically due to fierce competition, globalization, and unprecedented choice. Success in this environment is dependent upon making sound, timely decisions. In the business world, managers often postpone major decisions, fearing that a wrong choice could harm the business and their career. Similarly, in our personal lives, many important decisions are put off or made by default. Lack of insight and understanding of a complex issue is a common reason why people postpone making major decisions. An astounding tool, known only in select circles of management consultants, can help remedy this situation. This tool is called Interpretive Structural Modeling (ISM). ISM can bring diverse ideas together to provide thorough understanding of complex issues, leading to better solutions and decisions. ISM also forms the core of a powerful method that focuses the knowledge of a group to create outstanding results.Widespread use of ISM can provide significant benefits to the world community, from delivering better products with faster market introduction, to understanding and correcting problems such as global warming. Every knowledge worker and consulting professional should have access to this powerful tool. Unfortunately, suitable literature is not available for a new user to learn ISM without going through several trial and error cycles. This book is intended to fill that gap.
Multi-criteria decision making (MCDM) has been extensively used in diverse disciplines, with a variety of MCDM techniques used to solve complex problems. A primary challenge faced by research scholars is to decode these techniques using detailed step-by-step analysis with case studies and data sets. The scope of such work would help decision makers to understand the process of using MCDM techniques appropriately to solve complex issues without making mistakes. Multi-Criteria Decision Analysis in Management provides innovative insights into the rationale behind using MCDM techniques to solve decision-making problems and provides comprehensive discussions on these techniques from their inception, development, and growth to their advancements and applications. The content within this publication examines hybrid multicriteria models, value theory, and data envelopment. Ideal for researchers, management professionals, students, operations scholars, and academicians, this scholarly work supports and enhances the decision-making process.
p="" The book covers the domain of multi-criteria decision making, a topic which has gained significant attention of researchers and practitioners spanning a variety of disciplines for enhancing their decision making in real life situation. The topics in this volume help readers understand the techniques in the model building and analysis stage. The chapters cover a variety of techniques and their applications for interesting problems. This book will be of interest to readers in diverse disciplines such as engineering, business, management, humanities, psychology and law. ^
Decision makers are often faced with several conflicting alternatives. How do they evaluate trade-offs when there are more than three criteria? To help people make optimal decisions, scholars in the discipline of multiple criteria decision making (MCDM) continue to develop new methods for structuring preferences and determining the correct relative weights for criteria. A compilation of modern decision-making techniques, Multiple Attribute Decision Making: Methods and Applications focuses on the fuzzy set approach to multiple attribute decision making (MADM). Drawing on their experience, the authors bring together current methods and real-life applications of MADM techniques for decision analysis. They also propose a novel hybrid MADM model that combines DEMATEL and analytic network process (ANP) with VIKOR procedures. The first part of the book focuses on the theory of each method and includes examples that can be calculated without a computer, providing a complete understanding of the procedures. Methods include the analytic hierarchy process (AHP), ANP, simple additive weighting method, ELECTRE, PROMETHEE, the gray relational model, fuzzy integral technique, rough sets, and the structural model. Integrating theory and practice, the second part of the book illustrates how methods can be used to solve real-world MADM problems. Applications covered in the book include: AHP to select planning and design services for a construction project TOPSIS and VIKOR to evaluate the best alternative-fuel vehicles for urban areas ELECTRE to solve network design problems in urban transportation planning PROMETEE to set priorities for the development of new energy systems, from solar thermal to hydrogen energy Fuzzy integrals to evaluate enterprise intranet web sites Rough sets to make decisions in insurance marketing Helping readers understand how to apply MADM techniques to their decision making, this book is suitable for undergraduate and graduate students as well as practitioners.
In this book, we study theoretical and practical aspects of computing methods for mathematical modelling of nonlinear systems. A number of computing techniques are considered, such as methods of operator approximation with any given accuracy; operator interpolation techniques including a non-Lagrange interpolation; methods of system representation subject to constraints associated with concepts of causality, memory and stationarity; methods of system representation with an accuracy that is the best within a given class of models; methods of covariance matrix estimation;methods for low-rank matrix approximations; hybrid methods based on a combination of iterative procedures and best operator approximation; andmethods for information compression and filtering under condition that a filter model should satisfy restrictions associated with causality and different types of memory.As a result, the book represents a blend of new methods in general computational analysis,and specific, but also generic, techniques for study of systems theory ant its particularbranches, such as optimal filtering and information compression. - Best operator approximation,- Non-Lagrange interpolation,- Generic Karhunen-Loeve transform- Generalised low-rank matrix approximation- Optimal data compression- Optimal nonlinear filtering
The subject of management research methodology is enthralling and complex. A student or a practitioner of management research is beguiled by uncertainties in the search and identification of the research problem, intrigued by the ramifications of research design, and confounded by obstacles in obtaining accurate data and complexities of data analysis. Management Research Methodology: Integration of Principles, Methods and Techniques seeks a balanced treatment of all these aspects and blends problem-solving techniques, creativity aspects, mathematical modelling and qualitative approaches in order to present the subject of Management Research Methodology in a lucid and easily understandable way.
Not only do modeling and simulation help provide a better understanding of how real-world systems function, they also enable us to predict system behavior before a system is actually built and analyze systems accurately under varying operating conditions. Modeling and Simulation of Systems Using MATLAB® and Simulink® provides comprehensive, state-of-the-art coverage of all the important aspects of modeling and simulating both physical and conceptual systems. Various real-life examples show how simulation plays a key role in understanding real-world systems. The author also explains how to effectively use MATLAB and Simulink software to successfully apply the modeling and simulation techniques presented. After introducing the underlying philosophy of systems, the book offers step-by-step procedures for modeling different types of systems using modeling techniques, such as the graph-theoretic approach, interpretive structural modeling, and system dynamics modeling. It then explores how simulation evolved from pre-computer days into the current science of today. The text also presents modern soft computing techniques, including artificial neural networks, fuzzy systems, and genetic algorithms, for modeling and simulating complex and nonlinear systems. The final chapter addresses discrete systems modeling. Preparing both undergraduate and graduate students for advanced modeling and simulation courses, this text helps them carry out effective simulation studies. In addition, graduate students should be able to comprehend and conduct simulation research after completing this book.
This book constitutes the refereed proceedings of the First International Conference on Decision Support Systems Technology, ICDSST 2015, held in Belgrade, Serbia, in May 2015. The theme of the event was “Big Data Analytics for Decision-Making” and it was organized by the EURO (Association of European Operational Research Societies) working group of Decision Support Systems (EWG-DSS). The eight papers presented in this book were selected out of 26 submissions after being carefully reviewed by at least three internationally known experts from the ICDSST 2015 Program Committee and external invited reviewers. The selected papers are representative of current and relevant research activities in the area of decision support systems, such as decision analysis for enterprise systems and non-hierarchical networks, integrated solutions for decision support and knowledge management in distributed environments, decision support system evaluations and analysis through social networks, and decision support system applications in real-world environments. The volume is completed by an additional invited paper on big data decision-making use cases.