Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 331 - 354
Опубликована: Сен. 3, 2024
Human
cognitive
skills
have
their
limitations.
Effective
decision-making,
however,
requires
a
comprehensive
assessment
of
the
factors
at
stake.
This
work
aims
to
examine
how
computational
tools
such
as
SimDec
can
support
decision-making
process
and
potentially
provide
more
clarity
though
visualizations
scenario
decomposition
individual
decision-makers
in
day-to-day
lives.
Six
real-life
personal
cases
were
tackled
with
different
mathematical
modelling
approaches
from
simple
single-equation
functions
multi-criteria
decision-making.
The
resulting
interaction
case
protagonists
analytics
turned
static-decision
framework
into
dynamic
which,
some
cases,
even
led
restructuring
entire
situation.
Journal of Environmental Informatics Letters,
Год журнала:
2023,
Номер
unknown
Опубликована: Янв. 1, 2023
“Real
world”
risk
analysis
in
environmental
contexts
frequently
requires
the
need
to
contrast
numerous
uncertain
factors
simultaneously
and
communicate
difficult-to-capture
interactions.
Monte
Carlo
simulation
modelling
of
complex
sytems
is
employed
integrate
inputs
construct
probability
distributions
resulting
outputs.
Visual
analytics
data
visualization
can
then
be
for
processing,
analyzing,
communicating
influence
any
multi-variable
uncertainties
on
system.
The
decomposition
(SimDec)
analytical
technique
has
recently
been
assessments
systems.
SimDec
proved
beneficial
revealing
interdependencies
models,
lowering
computational
burdens,
facilitating
decision-maker
perceptions,
especially,
making
components
visualizable.
It
demonstrated
that
many
findings
would
not
have
revealed
without
coloured
visualizations
provided
by
SimDec.
However,
an
ad
hoc
colouring
scheme
distribution
output
neither
sufficient
nor
capable
producing
much
key
visualizable
information
requisite
effective
analysis.
Instead,
approach
referred
as
intelligent
proposed.
This
paper
outlines,
highlights,
demonstrates
importance
best-practices
needed
Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 192 - 227
Опубликована: Сен. 3, 2024
To
solve
sequential
decision-making
problems
in
practice,
modelling
assumptions
are
made
to
make
the
tractable.
A
partially
observable
Markov
decision
process
(POMDP)
is
a
mathematical
framework
for
and
solved
using
planning
or
reinforcement
learning
algorithms.
In
this
work,
we
develop
analyze
sensitivity
of
POMDPs
across
various
model
fidelities.
We
introduce
POMDP
model-fidelity
(PMFF),
where
fidelities
state
uncertainty
(i.e.
belief),
environment,
planner,
inference
algorithm
analyzed.
use
Simulation
Decomposition
(SimDec)
quantitatively
study
variance
output
performance
metrics
(e.g.
returns
accuracy)
given
different
input
apply
PMFF
SimDec
real-world
case
critical
mineral
exploration,
results
example
suggest
that
with
lower-fidelity
models
may
be
sufficient
decision-making.
Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 77 - 92
Опубликована: Сен. 3, 2024
The
assessment
of
investment
projects
relies
on
plentiful
assumptions
and
combines
significant
uncertainty
with
rapidly
accumulating
complexity.
However,
the
tools
commonly
employed
in
this
discipline
are
far
from
ideal
often
fail
to
capture
required
level
complexity
adequately
assist
wide
spectrum
disparate
needs
various
decision-makers.
This
chapter
shows
how
Simulation
Decomposition
(SimDec)
can
improve
decisions
by
shifting
focus
static
invest-or-not
decision
rules
towards
dynamic,
actionable
project
design
mindsets.
After
introducing
cash
flow
modelling,
a
case
model
is
analyzed
using
SimDec
illustrate
method's
context-specific
capabilities.
not
only
captures
uncertainties
reveals
which
factors
most
important
but
also
different
combinations
them
shape
overall
profitability
project.
adopts
multistakeholder
perspective,
informal
language,
analogies
shortfalls
traditional
approaches
appraisal.
Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 142 - 161
Опубликована: Сен. 3, 2024
One
of
the
defining
characteristics
deep
tech
ventures
is
that
their
technology
could
be
adapted
to
multiple
applications.
In
addition
choosing
market
segment
company
will
focus
on,
need
first
make
a
choice
about
how
develop
and
then
choose
opportunity
target.
For
instance,
tool
from
The
Lean
Startup
toolkit,
called
Market
Opportunity
Navigator,
helps
firms
select
opportunity.
this
chapter,
we
expand
also
reflect
earlier
development
high
level
uncertainty
surrounds
these
decisions.
A
simulated
case
(based
on
real
venture)
used
demonstrate
novel
Technology
Navigator.
Due
additional
complexity
resulting
model,
sensitivity
analysis
tool,
SimDec,
was
employed
provide
insights
into
different
dimensions
decision.
We
show
visualized
results
can
incorporated
back
firm's
strategy
process.
chapter
contributes
entrepreneurship
literature
by
showing
reduce
decision-making
uncertainty.
contribute
qualitative,
multi-criteria
supported
SimDec.
Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 283 - 328
Опубликована: Сен. 3, 2024
Superconducting
magnets
are
typically
used
for
high-field
applications
such
as
particle
accelerators
physics
investigation.
Their
design
and
operation
entail
considerable
forces
that
could
damage
or
break
the
brittle
Nb3Sn
alloy
in
their
coils.
For
this
reason,
these
feature
a
support
structure
around
superconducting
coils
designed
to
hold
them
place
while
ensuring
they
will
not
break.
The
conception
of
is
performed
via
consecutive
magnetic
mechanical
finite-element
simulations
different
options.
In
chapter,
SimDec
analyze
effects
combinations
choices
on
performance
structural
viability
magnet.
Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 228 - 253
Опубликована: Сен. 3, 2024
Power-to-X
(P2X)
technology
holds
great
potential
for
decarbonization
and
sees
an
active
growth
of
R&D,
pilot
projects,
scaling
initiatives.
Such
projects
are
surrounded
by
tremendous
uncertainty
due
to
their
long
lifespan,
dependency
on
market
policy
evolution,
high
upfront
costs.
Thus,
the
usage
adequate
analytical
tools
is
paramount
importance
design,
evaluate,
execute
P2X
projects.
In
this
chapter,
we
took
one
such
techno-economic
report
a
project
replicated
its
one-at-a-time
sensitivity
analysis
scenario
with
more
powerful
SimDec
approach.
The
breadth
newly
acquired
insights
inspired
authors
upgrade
reflect
present-day
circumstances
in
order
determine
what
findings
could
contribute
evolving
situation.
all
analyzed
cases,
showed
excellent
capability
combining
deriving
comprehensive
actionable
investment
Routledge eBooks,
Год журнала:
2024,
Номер
unknown, С. 331 - 354
Опубликована: Сен. 3, 2024
Human
cognitive
skills
have
their
limitations.
Effective
decision-making,
however,
requires
a
comprehensive
assessment
of
the
factors
at
stake.
This
work
aims
to
examine
how
computational
tools
such
as
SimDec
can
support
decision-making
process
and
potentially
provide
more
clarity
though
visualizations
scenario
decomposition
individual
decision-makers
in
day-to-day
lives.
Six
real-life
personal
cases
were
tackled
with
different
mathematical
modelling
approaches
from
simple
single-equation
functions
multi-criteria
decision-making.
The
resulting
interaction
case
protagonists
analytics
turned
static-decision
framework
into
dynamic
which,
some
cases,
even
led
restructuring
entire
situation.
