Decision Making: Recent Developments and Worldwide Applications

Decision Making: Recent Developments and Worldwide Applications PDF Author: Stelios H. Zanakis
Publisher: Springer Science & Business Media
ISBN: 1475749198
Category : Business & Economics
Languages : en
Pages : 484

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Book Description
This chapter describes a study conducted at the Swinburne University of Technology in Australia, in their School of Business. The study was to explore the applicability of a judgment-analytic decision support system to the assessment of the likelihood of an applicant being selected for admission to the School's Graduate Certificate in Business Administration (GCBA) program. The likelihood of a program administrator selecting a particular applicant is directly linked to the assessment of the likelihood of that applicant's success in the GCBA program. The purpose of this study, in effect, was to analyze the administrative judgment process in assessment of an applicant's likelihood of success in the program. THE PROCESS OF HUMAN JUDGMENT Human judgment is a process through which an individual uses social infonnation to make decisions. The social infonnation is obtained from an individual's environment and is interpreted through the individual's cognitive image of the environment. The. cognitive image provides a representation of the environment based on past experiences and training, and essentially predisposes the person to respond to social infonnation in predictable ways. An individual's policies or beliefs about the environment represent these patterns. Human judgments are based then upon one's interpretation of available infonnation. They are probability statements about one's environment and how one reacts to it. This condition leads to the human judgment process being inherently limited. It is fundamentally a covert process. It is seldom possible for an individual to accurately describe his or her judgment process accurately.

Decision Making: Recent Developments and Worldwide Applications

Decision Making: Recent Developments and Worldwide Applications PDF Author: Stelios H. Zanakis
Publisher: Springer Science & Business Media
ISBN: 1475749198
Category : Business & Economics
Languages : en
Pages : 484

Get Book

Book Description
This chapter describes a study conducted at the Swinburne University of Technology in Australia, in their School of Business. The study was to explore the applicability of a judgment-analytic decision support system to the assessment of the likelihood of an applicant being selected for admission to the School's Graduate Certificate in Business Administration (GCBA) program. The likelihood of a program administrator selecting a particular applicant is directly linked to the assessment of the likelihood of that applicant's success in the GCBA program. The purpose of this study, in effect, was to analyze the administrative judgment process in assessment of an applicant's likelihood of success in the program. THE PROCESS OF HUMAN JUDGMENT Human judgment is a process through which an individual uses social infonnation to make decisions. The social infonnation is obtained from an individual's environment and is interpreted through the individual's cognitive image of the environment. The. cognitive image provides a representation of the environment based on past experiences and training, and essentially predisposes the person to respond to social infonnation in predictable ways. An individual's policies or beliefs about the environment represent these patterns. Human judgments are based then upon one's interpretation of available infonnation. They are probability statements about one's environment and how one reacts to it. This condition leads to the human judgment process being inherently limited. It is fundamentally a covert process. It is seldom possible for an individual to accurately describe his or her judgment process accurately.

Multicriteria Decision Aid Classification Methods

Multicriteria Decision Aid Classification Methods PDF Author: Michael Doumpos
Publisher: Springer Science & Business Media
ISBN: 0306481057
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
The book discusses a new approach to the classification problem following the decision support orientation of multicriteria decision aid. The book reviews the existing research on the development of classification methods, investigating the corresponding model development procedures, and providing a thorough analysis of their performance both in experimental situations and real-world problems from the field of finance. Audience: Researchers and professionals working in management science, decision analysis, operations research, financial/banking analysis, economics, statistics, computer science, as well as graduate students in management science and operations research.

Recent Developments and the New Direction in Soft-Computing Foundations and Applications

Recent Developments and the New Direction in Soft-Computing Foundations and Applications PDF Author: Lotfi A. Zadeh
Publisher: Springer
ISBN: 3319754084
Category : Technology & Engineering
Languages : en
Pages : 649

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Book Description
This book is an authoritative collection of contributions in the field of soft-computing. Based on selected works presented at the 6th World Conference on Soft Computing, held on May 22-25, 2016, in Berkeley, USA, it describes new theoretical advances, as well as cutting-edge methods and applications. Theories cover a wealth of topics, such as fuzzy logic, cognitive modeling, Bayesian and probabilistic methods, multi-criteria decision making, utility theory, approximate reasoning, human-centric computing and many others. Applications concerns a number of fields, such as internet and semantic web, social networks and trust, control and robotics, computer vision, medicine and bioinformatics, as well as finance, security and e-Commerce, among others. Dedicated to the 50th Anniversary of Fuzzy Logic and to the 95th Birthday Anniversary of Lotfi A. Zadeh, the book not only offers a timely view on the field, yet it also discusses thought-provoking developments and challenges, thus fostering new research directions in the diverse areas of soft computing.

Rough Sets and Current Trends in Computing

Rough Sets and Current Trends in Computing PDF Author: James J. Alpigini
Publisher: Springer
ISBN: 3540458131
Category : Computers
Languages : en
Pages : 644

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Book Description
This volume contains the papers selected for presentation at the Third Inter- tional Conference on Rough Sets and Current Trends in Computing (RSCTC 2002) held at Penn State Great Valley, Malvern, Pennsylvania, U.S.A., 14–16 October 2002. Rough set theoryand its applications constitute a branch of soft computing that has exhibited a signi?cant growth rate during recent years. RSCTC 2002 provided a forum for exchanging ideas among manyresearchers in the rough set communityand in various areas of soft computing and served as a stimulus for mutual understanding and cooperation. In recent years, there have been a number of advances in rough set theoryand applications. Hence, we have witnessed a growing number of international workshops on rough sets and their applications. In addition, it should be observed that one of the beauties of rough sets and the rough set philosophyis that it tends to complement and reinforce research in manytraditional research areas and applications. This is the main reason that manyinternational conferences are now including rough sets into the list of topics.

Rough Sets and Current Trends in Computing

Rough Sets and Current Trends in Computing PDF Author: Shusaku Tsumoto
Publisher: Springer Science & Business Media
ISBN: 3540221174
Category : Computers
Languages : en
Pages : 871

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Book Description
In recent years rough set theory has attracted the attention of many researchers and practitioners all over the world, who have contributed essentially to its development and applications. Weareobservingagrowingresearchinterestinthefoundationsofroughsets, including the various logical, mathematical and philosophical aspects of rough sets. Some relationships have already been established between rough sets and other approaches, and also with a wide range of hybrid systems. As a result, rough sets are linked with decision system modeling and analysis of complex systems, fuzzy sets, neural networks, evolutionary computing, data mining and knowledge discovery, pattern recognition, machine learning, and approximate reasoning. In particular, rough sets are used in probabilistic reasoning, granular computing (including information granule calculi based on rough mereology), intelligent control, intelligent agent modeling, identi?cation of autonomous s- tems, and process speci?cation. Methods based on rough set theory alone or in combination with other - proacheshavebeendiscoveredwith awide rangeofapplicationsinsuchareasas: acoustics, bioinformatics, business and ?nance, chemistry, computer engineering (e.g., data compression, digital image processing, digital signal processing, p- allel and distributed computer systems, sensor fusion, fractal engineering), de- sion analysis and systems, economics, electrical engineering (e.g., control, signal analysis, power systems), environmental studies, informatics, medicine, mole- lar biology, musicology, neurology, robotics, social science, software engineering, spatial visualization, Web engineering, and Web mining.

Rough Sets and Current Trends in Computing

Rough Sets and Current Trends in Computing PDF Author: Salavatore Greco
Publisher: Springer
ISBN: 3540498427
Category : Computers
Languages : en
Pages : 954

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Book Description
This book constitutes the refereed proceedings of the 5th International Conference on Rough Sets and Current Trends in Computing, RSCTC 2006, held in Kobe, Japan in November 2006. The 91 revised full papers presented together with five invited papers and two commemorative papers were carefully reviewed and selected from 332 submissions.

Rough Sets and Current Trends in Computing

Rough Sets and Current Trends in Computing PDF Author: JingTao Yao
Publisher: Springer
ISBN: 3642321151
Category : Computers
Languages : en
Pages : 498

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Book Description
This book constitutes the refereed proceedings of the 8th International Conference on Rough Sets and Current Trends in Computing, RSCTC, held in Chengdu, China, in August 2012, as one of the co-located conferences of the 2012 Joint Rough Set Symposium, JRS 2012. The 55 revised full papers presented together with one keynote paper were carefully reviewed and selected from numerous submissions. The papers are organized in topical sections on rough sets and its applications; current trends in computing; decision-theoretic rough set model and applications; formal concept analysis and granular computing; mining complex data with granular computing; data mining competition.

Country Risk Evaluation

Country Risk Evaluation PDF Author: Kyriaki Kosmidou
Publisher: Springer Science & Business Media
ISBN: 0387766804
Category : Business & Economics
Languages : en
Pages : 120

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Book Description
Financial globalization has increased the significance of methods used in the evaluation of country risk, one of the major research topics in economics and finance. Written by experts in the fields of multicriteria methodology, credit risk assessment, operations research, and financial management, this book develops a comprehensive framework for evaluating models based on several classification techniques that emerge from different theoretical directions. This book compares different statistical and data mining techniques, noting the advantages of each method, and introduces new multicriteria methodologies that are important to country risk modeling. This work is a useful toolkit for economists, financial managers, bank managers, operations researchers, management scientists, and risk analysts. Moreover, the book can also be used as a supplementary textbook for graduate courses in finance and financial risk management.

Search Methodologies

Search Methodologies PDF Author: Edmund K. Burke
Publisher: Springer Science & Business Media
ISBN: 1461469406
Category : Business & Economics
Languages : en
Pages : 715

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Book Description
The first edition of Search Methodologies: Introductory Tutorials in Optimization and Decision Support Techniques was originally put together to offer a basic introduction to the various search and optimization techniques that students might need to use during their research, and this new edition continues this tradition. Search Methodologies has been expanded and brought completely up to date, including new chapters covering scatter search, GRASP, and very large neighborhood search. The chapter authors are drawn from across Computer Science and Operations Research and include some of the world’s leading authorities in their field. The book provides useful guidelines for implementing the methods and frameworks described and offers valuable tutorials to students and researchers in the field. “As I embarked on the pleasant journey of reading through the chapters of this book, I became convinced that this is one of the best sources of introductory material on the search methodologies topic to be found. The book’s subtitle, “Introductory Tutorials in Optimization and Decision Support Techniques”, aptly describes its aim, and the editors and contributors to this volume have achieved this aim with remarkable success. The chapters in this book are exemplary in giving useful guidelines for implementing the methods and frameworks described.” Fred Glover, Leeds School of Business, University of Colorado Boulder, USA “[The book] aims to present a series of well written tutorials by the leading experts in their fields. Moreover, it does this by covering practically the whole possible range of topics in the discipline. It enables students and practitioners to study and appreciate the beauty and the power of some of the computational search techniques that are able to effectively navigate through search spaces that are sometimes inconceivably large. I am convinced that this second edition will build on the success of the first edition and that it will prove to be just as popular.” Jacek Blazewicz, Institute of Computing Science, Poznan University of Technology and Institute of Bioorganic Chemistry, Polish Academy of Sciences

Preference Disaggregation in Multiple Criteria Decision Analysis

Preference Disaggregation in Multiple Criteria Decision Analysis PDF Author: Nikolaos Matsatsinis
Publisher: Springer
ISBN: 3319905996
Category : Business & Economics
Languages : en
Pages : 235

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Book Description
This book presents the main principles of preference disaggregation analysis and covers theoretical advances in preference modelling, group decision making, classification methods, robustness analysis, process mining, and decision support systems. In addition, it highlights several applications of the preference disaggregation analysis in a wide range of areas, such as customer satisfaction analysis, consumer behavior, energy and environmental policy, strategy development, and agricultural marketing. This book was published in honor of Yannis Siskos on the occasion of his retirement from the University of Piraeus, Greece. It offers a unique snapshot of the preference disaggregation philosophy in multiple criteria decision analysis and presents a range of research ideas, many of which were significantly influenced by Professor Siskos work.