scholarly journals Cost-benefit trade-offs in decision-making and learning

2019 ◽  
Vol 15 (9) ◽  
pp. e1007326 ◽  
Author(s):  
Nura Sidarus ◽  
Stefano Palminteri ◽  
Valérian Chambon
Keyword(s):  
Decision Making ◽  
Cost Benefit ◽  
Trade Offs

Decision-Making Methods in MIS Outsourcing

2011 ◽  
pp. 134-152
Author(s):  
Jeanette Nasem Morgan
Keyword(s):  
Data Mining ◽  
Decision Making ◽  
Fuzzy Logic ◽  
Case Studies ◽  
Cost Benefit ◽  
Information Services ◽  
Data Warehouses ◽  
Government Decision ◽  
Trade Offs ◽  
Decision Making Processes

This chapter commences with a discussion of corporate and government decision-making processes and the management sciences that support development of decisions. Special decision-making considerations, trade-offs analyses, and cost-benefit studies all figure into decisions that result in outsourcing. Technologies that support different methods of decision-making include data warehouses and data mining, rules-based logic, heuristical processes, fuzzy logic, and expert-based reasoning are presented. The chapter presents case studies and current and evolving technologies. The following sections will address the decision-making methods that are used in considering, executing and monitoring outsourced MIS projects or in service lines related to provision of information services in the organization.

Different cost-benefit analyses in The Netherlands for the European Water Framework Directive

Water Policy ◽  
2010 ◽  
Vol 12 (5) ◽  
pp. 746-760 ◽  
Author(s):  
R. van der Veeren
Keyword(s):  
Decision Making ◽  
The Netherlands ◽  
Water Framework Directive ◽  
Cost Benefit ◽  
European Water Framework Directive ◽  
Decision Making Process ◽  
Policy Makers ◽  
European Water ◽  
Trade Offs ◽  
Economic Analyses

Since 2005, several cost benefit analyses have been performed for the European Water Framework Directive (WFD) in The Netherlands. These analyses had in common that they were meant to support the decision-making process by informing policy makers and making the trade-offs as transparent as possible. The analyses also anticipate questions from the Dutch Parliament. Nevertheless, each time the analyses were slightly different, depending on the situation and (political) questions that had to be answered. This article presents the background and the highlights of the various analyses, describes their differences and similarities and tries to find a common thread in the results. Even though the results are barely comparable for a number of reasons, they seem to indicate that such a line exists and that economic analyses have played a role in the decision-making process by making tradeoffs more explicit. This has offered the opportunity for an iterative dialogue with the Dutch Parliament, which contributed to a decision-making process which resulted in a socially accepted programme of measures that is economically sound and transparent.

scholarly journals Reconciling Psychological and Neuroscientific Accounts of Reduced Motivation in Aging

2021 ◽  
Author(s):  
Alexander Soutschek ◽  
Alexandra Bagaïni ◽  
Todd A Hare ◽  
Philippe N Tobler
Keyword(s):  
Older Adults ◽  
Decision Making ◽  
Goal Orientation ◽  
Healthy Aging ◽  
Cost Benefit ◽  
Preliminary Evidence ◽  
Reward Seeking ◽  
Trade Offs ◽  
Frontopolar Cortex ◽  
Independent Analysis

Abstract Motivation is a hallmark of healthy aging, but the motivation to engage in effortful behavior diminishes with increasing age. Most neurobiological accounts of altered motivation in older adults assume that these deficits are caused by a gradual decline in brain tissue, while some psychological theories posit a switch from gain orientation to loss avoidance in motivational goals. Here, we contribute to reconcile the psychological and neural perspectives by providing evidence that frontopolar cortex (FPC), a brain region involved in cost-benefit weighting, increasingly underpins effort avoidance rather than engagement with age. Using anodal transcranial direct current stimulation together with effort-reward trade-offs, we find that the FPC’s function in effort-based decisions remains focused on cost-benefit calculations but appears to switch from reward seeking to cost avoidance with increasing age. This is further evidenced by exploratory, independent analysis of structural brain changes, showing that the relationship between the density of frontopolar neural tissue and willingness to exert effort differs in young versus older adults. Our results inform aging-related models of decision making by providing preliminary evidence that, in addition to cortical thinning, changes in goal orientation need to be considered in order to understand alterations in decision making over the lifespan.

Decision-Making Methods in MIS Outsourcing

2008 ◽  
pp. 1355-1368
Author(s):  
Jeanette Nasem Morgan
Keyword(s):  
Data Mining ◽  
Decision Making ◽  
Fuzzy Logic ◽  
Case Studies ◽  
Cost Benefit ◽  
Information Services ◽  
Data Warehouses ◽  
Government Decision ◽  
Trade Offs ◽  
Decision Making Processes

This chapter commences with a discussion of corporate and government decision-making processes and the management sciences that support development of decisions. Special decision-making considerations, trade-offs analyses, and cost-benefit studies all figure into decisions that result in outsourcing. Technologies that support different methods of decision-making include data warehouses and data mining, rules-based logic, heuristical processes, fuzzy logic, and expert-based reasoning are presented. The chapter presents case studies and current and evolving technologies. The following sections will address the decision-making methods that are used in considering, executing and monitoring outsourced MIS projects or in service lines related to provision of information services in the organization.

scholarly journals A Methodological Framework for Sustainable Office Building Renovation Using Green Building Rating Systems and Cost-Benefit Analysis

2020 ◽  
Vol 12 (15) ◽  
pp. 6156
Author(s):  
Nataša Šuman ◽  
Mojca Marinič ◽  
Milan Kuhta
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Cost Benefit Analysis ◽  
Early Stage ◽  
Cost Benefit ◽  
Green Building ◽  
Office Buildings ◽  
Office Building ◽  
Rating System ◽  
Benefit Analysis

Sustainable development is a priority for the future of our society. Sustainable development is of particular importance to the Architecture, Engineering, and Construction (AEC) industry, both for new buildings and for the renovation of existing buildings. Great potential for sustainable development lies in the renovation of existing office buildings. This paper introduces a new framework for identifying the best set of renovation strategies for existing office buildings. The framework applies selected green building rating system criteria and cost-effective sustainable renovation solutions based on cost-benefit analysis (CBA), and thus provides a novelty in decision-making support for the sustainable renovation of office buildings at an early-stage. The framework covers all necessary steps and activities including data collection, determination of the required level of renovation, selection of the green building rating system, identification of impact categories and criteria, and final evaluation and decision-making using CBA. The framework can be used in conjunction with different systems and according to different regional characteristics. The applicability of the addressing procedure is shown through a case study of a comprehensive renovation of an office building in the city of Maribor.

Renewable energy selection based on a new entropy and dissimilarity measure on an interval-valued neutrosophic set

2021 ◽  
pp. 1-18
Author(s):  
ShuoYan Chou ◽  
Truong ThiThuy Duong ◽  
Nguyen Xuan Thao
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Membership Function ◽  
Fossil Fuels ◽  
Multiple Criteria Decision Making ◽  
Clean Energy ◽  
Dissimilarity Measure ◽  
Neutrosophic Set ◽  
Trade Offs ◽  
And Performance

Energy plays a central part in economic development, yet alongside fossil fuels bring vast environmental impact. In recent years, renewable energy has gradually become a viable source for clean energy to alleviate and decouple with a negative connotation. Different types of renewable energy are not without trade-offs beyond costs and performance. Multiple-criteria decision-making (MCDM) has become one of the most prominent tools in making decisions with multiple conflicting criteria existing in many complex real-world problems. Information obtained for decision making may be ambiguous or uncertain. Neutrosophic is an extension of fuzzy set types with three membership functions: truth membership function, falsity membership function and indeterminacy membership function. It is a useful tool when dealing with uncertainty issues. Entropy measures the uncertainty of information under neutrosophic circumstances which can be used to identify the weights of criteria in MCDM model. Meanwhile, the dissimilarity measure is useful in dealing with the ranking of alternatives in term of distance. This article proposes to build a new entropy and dissimilarity measure as well as to construct a novel MCDM model based on them to improve the inclusiveness of the perspectives for decision making. In this paper, we also give out a case study of using this model through the process of a renewable energy selection scenario in Taiwan performed and assessed.

scholarly journals Using Deliberative Democracy for Better Urban Decision-Making through Integrative Thinking

Urban Science ◽  
2020 ◽  
Vol 5 (1) ◽  
pp. 3
Author(s):  
Janette Hartz-Karp ◽  
Dora Marinova
Keyword(s):  
Decision Making ◽  
Case Studies ◽  
Deliberative Democracy ◽  
Decision Makers ◽  
Capital City ◽  
City Region ◽  
Multiple Sources ◽  
Trade Offs ◽  
Urban Issues ◽  
Sustainability Challenges

This article expands the evidence about integrative thinking by analyzing two case studies that applied the collaborative decision-making method of deliberative democracy which encourages representative, deliberative and influential public participation. The four-year case studies took place in Western Australia, (1) in the capital city Perth and surrounds, and (2) in the city-region of Greater Geraldton. Both aimed at resolving complex and wicked urban sustainability challenges as they arose. The analysis suggests that a new way of thinking, namely integrative thinking, emerged during the deliberations to produce operative outcomes for decision-makers. Building on theory and research demonstrating that deliberative designs lead to improved reasoning about complex issues, the two case studies show that through discourse based on deliberative norms, participants developed different mindsets, remaining open-minded, intuitive and representative of ordinary people’s basic common sense. This spontaneous appearance of integrative thinking enabled sound decision-making about complex and wicked sustainability-related urban issues. In both case studies, the participants exhibited all characteristics of integrative thinking to produce outcomes for decision-makers: salience—grasping the problems’ multiple aspects; causality—identifying multiple sources of impacts; sequencing—keeping the whole in view while focusing on specific aspects; and resolution—discovering novel ways that avoided bad choice trade-offs.

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