Adapting Decisions, Optimizing Facts and Predicting Figures: Can Convergence of Concepts, Tools, Technologies and Standards Catalyze Innovation?
Name
73 Decision Systems ADOFPF 2003_2004 version 6.0.pdf
Size
2.9 MB
Format
Adobe PDF
Checksum (MD5)
0f3f72f953fbe3936e4bc3bb553def60
Author(s)
Datta, Shoumen
Alternative Title
Can Convergence of Concepts, Tools, Technologies and Standards Catalyze Innovation?
Date Issued
July 31, 2008
Abstract
Managing uncertainty is key in decision systems, such as supply chain management or military readiness. We propose a reasonable confluence of existing concepts, tools, technologies and standards that may, collectively, improve adaptability of decision systems to combat uncertainty in such diverse applications as profit optimization, response time in hospitals or military readiness.
Description
This conceptual article is aimed to provoke a broad spectrum of decision makers who wish to make even better decisions based on deeper insight from process innovation as well as right-time analysis of real-time data. It is not a panacea to rid of all poor decision steps nor can it function without appropriate and in some cases, adequate, help from the ‘enablers’ that we shall discuss.
Subjects
GARCH, DSS, SCM, Grid, Agents
MIT Department
Massachusetts Institute of Technology. Auto-ID Laboratory
Persistent DSpace Link
