Decision Making under Deep Uncertainty

This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including...

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Pubblicazione: Springer Nature 2021
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collection Directory of Open Access Books
description This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares. ; Offers a comprehensive examination of the approaches and tools for designing plans under deep uncertainty and their application Identifies barriers and enablers for the use of the various approaches and tools in practice Includes realistic examples and practical guidelines to help readers better understand the concepts
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spelling doab-20.500.12854ir-258512025-07-30T09:00:17Z Decision Making under Deep Uncertainty Marchau, Vincent A. W. J. Walker, Warren E. Bloemen, Pieter J. T. M. Popper, Steven W. Business Management science Operations research Decision making Dynamics Ergodic theory Probabilities thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares. ; Offers a comprehensive examination of the approaches and tools for designing plans under deep uncertainty and their application Identifies barriers and enablers for the use of the various approaches and tools in practice Includes realistic examples and practical guidelines to help readers better understand the concepts 2021-02-10T12:56:21Z 2021-02-10T12:56:21Z 2020-03-18 13:36:15 2020-04-01T08:55:39Z 2019 book 1007261 OCN: 1099789127 http://library.oapen.org/handle/20.500.12657/22900 https://directory.doabooks.org/handle/20.500.12854/25851 eng open access image/jpeg image/jpeg image/jpeg n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/22900/1/1007261.pdf https://library.oapen.org/bitstream/20.500.12657/22900/1/1007261.pdf https://library.oapen.org/bitstream/20.500.12657/22900/1/1007261.pdf Springer Nature 10.1007/978-3-030-05252-2 10.1007/978-3-030-05252-2 9fa3421d-f917-4153-b9ab-fc337c396b5a 405 Cham open access
spellingShingle Business
Management science
Operations research
Decision making
Dynamics
Ergodic theory
Probabilities
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science
Decision Making under Deep Uncertainty
title Decision Making under Deep Uncertainty
title_full Decision Making under Deep Uncertainty
title_fullStr Decision Making under Deep Uncertainty
title_full_unstemmed Decision Making under Deep Uncertainty
title_short Decision Making under Deep Uncertainty
title_sort decision making under deep uncertainty
topic Business
Management science
Operations research
Decision making
Dynamics
Ergodic theory
Probabilities
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science
topic_facet Business
Management science
Operations research
Decision making
Dynamics
Ergodic theory
Probabilities
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBT Probability and statistics
thema EDItEUR::P Mathematics and Science::PB Mathematics::PBW Applied mathematics::PBWR Nonlinear science
url 1007261