Decision Making and Optimization in Changeable Spaces, a New Paradigm

Larbani, Moussa and Yu, Po Lung (2012) Decision Making and Optimization in Changeable Spaces, a New Paradigm. Journal of Optimization Theory and Applications, 155 (3). pp. 727-761. ISSN 0022-3239

	PDF (Online copy) - Accepted Version Restricted to Repository staff only Download (1MB) | Request a copy
	PDF (Published copy) - Published Version Restricted to Repository staff only Download (1MB) | Request a copy

Abstract

This paper proposes a new decision making/optimization paradigm, the decision making/optimization in changeable spaces (DM/OCS). The unique feature of DM/OCS is that it incorporates human psychology and its dynamics as part of the decision making process and allows the restructuring of the decision parameters. DM/OCS is based on Habitual Domain theory, the decision parameters, the concept of competence set, and the mental operators 7-8-9 principles of deep knowledge. The covering and discovering processes are formulated as DM/OCS problems. Some illustrative examples of challenging problems that cannot be solved by traditional decision making/optimization techniques are formulated as DM/OCS problems and solved. In addition, some directions of research related to innovation dynamics, management, artificial intelligence, artificial and e-economics, scientific discovery, and knowledge extraction are provided in the conclusion.

Item Type:	Article (Journal)
Additional Information:	3917/26752
Uncontrolled Keywords:	Habitual domains, Decision making, Changeable spaces, Parameters, Covering, Discovering, Competence set, Decision blinds, Decision traps
Subjects:	H Social Sciences > HB Economic Theory > HB131 Methodology.Mathematical economics. Quantitative methods
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User:	Professor Larbani Moussa
Date Deposited:	30 Apr 2013 15:15
Last Modified:	17 Jul 2014 11:12
URI:	http://irep.iium.edu.my/id/eprint/26752

Actions (login required)

View Item