Risk and uncertainty analysis in the planning stages of a risk decision-making process

2012 ◽  
Vol 61 (3) ◽  
pp. 1355-1365 ◽  
Author(s):  
Wen-Ko Hsu ◽  
Chun-Pin Tseng ◽  
Wei-Ling Chiang ◽  
Cheng-Wu Chen
Keyword(s):  
Decision Making ◽  
Uncertainty Analysis ◽  
Decision Making Process ◽  
Risk And Uncertainty ◽  
Risk Decision

scholarly journals ECONOMICS OF RANDOMNESS: BEHAVIORAL ASPECTS OF DECISION MAKING UNDER RISK

2017 ◽  
Vol 9 (2) ◽  
pp. 7-14
Author(s):  
Alexander Krasilnikov
Keyword(s):  
Decision Making ◽  
Risk Analysis ◽  
Uncertainty Analysis ◽  
Expected Utility ◽  
Utility Theory ◽  
Expected Utility Theory ◽  
Probabilistic Methods ◽  
Risk And Uncertainty ◽  
Decision Making Under Risk ◽  
History Of

The paper discusses evolution of the concept of risk in economics. History of probabilistic methods and approaches to risk and uncertainty analysis is considered. Expected utility theory, behavioral approaches, heuristic models and methods of neuroeconomics are analyzed. Author investigates stability of neoclassical program related to risk analysis and suggests further directions of development.

scholarly journals Marketing Based Decision Making Process in Engineering Design

2018 ◽  
Vol 7 (4.36) ◽  
pp. 854
Author(s):  
K. Palani Raj ◽  
G. Veeramani
Keyword(s):  
Decision Making ◽  
Engineering Design ◽  
Design Process ◽  
Consumer Behaviour ◽  
Decision Making Process ◽  
Risk And Uncertainty ◽  
Design Decisions ◽  
Different Types ◽  
Important Study ◽  
Process Manufacturing

Marketing based decision making process in engineering design is an important study required for industries. How to take efficient decision in design that influence marketing? Most of the engineering design decisions are based on consumer behaviour. Decision making in risk and uncertainty in engineering design is an important phenomenon. Cost and time are the two important factors that results loss because of inefficient decision and it affects marketing. Problems involved in marketing based engineering design and decision making process in solving problems is elaborately studied in this journal. How to choose a design in various alternatives, design process, manufacturing feasibility, material and methodology are the important factors that influences decision making in engineering design for marketing. Different types of theories in decision making process that helps in taking proper decision were studied in this journal. This study is based on data taken from various Research & Development centre in Industries. 

Aggregation of group fuzzy risk information in the railway risk decision making process

2016 ◽  
Vol 82 ◽  
pp. 18-28 ◽  
Author(s):  
Min An ◽  
Yong Qin ◽  
Li Min Jia ◽  
Yao Chen
Keyword(s):  
Decision Making ◽  
Risk Information ◽  
Decision Making Process ◽  
Risk Decision

LOGISTICS PROJECT PLANNING UNDER CONDITIONS OF RISK AND UNCERTAINTY

2017 ◽  
Vol 68 (1) ◽  
pp. 89-102 ◽  
Author(s):  
Iwona Pisz ◽  
Iwona Łapuńka
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Incomplete Information ◽  
Practical Knowledge ◽  
Complete Information ◽  
Project Planning ◽  
Decision Making Process ◽  
Risk And Uncertainty ◽  
New Knowledge

The paper discusses highly important issues related to the practice of logistics project planning under conditions of certainty, risk, and uncertainty. This process requires the use of a variety of planning information (complete or incomplete, express or implied) as well as the generation of new knowledge. The decision-making process takes place in a deterministic or an nondeterministic situation; the former involves complete information (i.e., certainty) and the latter incomplete information (i.e., risk and uncertainty). Becoming acquainted with the discussed issues provides valuable practical knowledge that may be helpful in making important decisions when formulating concepts and models of logistics projects planning undertaken by a single enterprise or a supply chain.

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