Displaying similar documents to “News and Notices”

Decision-making for long memory data in technical-economic design, fractals and decision area bubbles

Václav Beran (2003)

Applications of Mathematics

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Economic and management theories are very often based in their applications on the perception of homogeneity of the application space. The purpose of this article is to query such a conviction and indicate new possible directions of discipline development. The article deals with symbiosis of process and his steering model as a process of management. It is possible that in relative near future it will be necessary to accept approaches and changes in interpretations of decision-making....

Principal-agent approach to environmental improvements policies

Wojciech Szatzschneider, Teresa Kwiatkowska (2010)

Banach Center Publications

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Successful solution to any environmental problem implies working with Knightian uncertainty that explicitly deals with decision making under conditions of unstructured randomness. A 'wild' type of randomness that we will never discern due to its unstable properties makes the assignment of corresponding probabilities impossible. For that reason, the consideration of general economical factors within cost/benefit analysis must fail. So, instead of governmental intervention and a cup and...

Virtual reality & logistics.

Pehlivanis, Konstantinos, Papagianni, Maria, Styliadis, Athanasios (2004)

Acta Universitatis Apulensis. Mathematics - Informatics

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