Decision Making and Optimization in Changeable Spaces, a New Paradigm

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 decisi...

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Main Authors:	Larbani, Moussa, Yu, Po Lung
Format:	Article
Language:	English English
Published:	Springer/Plenum Publishers 2012
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods
Online Access:	http://irep.iium.edu.my/26752/ http://irep.iium.edu.my/26752/ http://irep.iium.edu.my/26752/ http://irep.iium.edu.my/26752/1/Decision_Making_in_Changeable_spaces.pdf http://irep.iium.edu.my/26752/4/DM_Changeable_Published.pdf

id	iium-26752
recordtype	eprints
spelling	iium-267522014-07-17T03:12:00Z http://irep.iium.edu.my/26752/ Decision Making and Optimization in Changeable Spaces, a New Paradigm Larbani, Moussa Yu, Po Lung HB131 Methodology.Mathematical economics. Quantitative methods 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. Springer/Plenum Publishers 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/26752/1/Decision_Making_in_Changeable_spaces.pdf application/pdf en http://irep.iium.edu.my/26752/4/DM_Changeable_Published.pdf 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 http://www.springer.com/mathematics/journal/10957 DOI 10.1007/s10957-012-0103-9
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HB131 Methodology.Mathematical economics. Quantitative methods
spellingShingle	HB131 Methodology.Mathematical economics. Quantitative methods Larbani, Moussa Yu, Po Lung Decision Making and Optimization in Changeable Spaces, a New Paradigm
description	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.
format	Article
author	Larbani, Moussa Yu, Po Lung
author_facet	Larbani, Moussa Yu, Po Lung
author_sort	Larbani, Moussa
title	Decision Making and Optimization in Changeable Spaces, a New Paradigm
title_short	Decision Making and Optimization in Changeable Spaces, a New Paradigm
title_full	Decision Making and Optimization in Changeable Spaces, a New Paradigm
title_fullStr	Decision Making and Optimization in Changeable Spaces, a New Paradigm
title_full_unstemmed	Decision Making and Optimization in Changeable Spaces, a New Paradigm
title_sort	decision making and optimization in changeable spaces, a new paradigm
publisher	Springer/Plenum Publishers
publishDate	2012
url	http://irep.iium.edu.my/26752/ http://irep.iium.edu.my/26752/ http://irep.iium.edu.my/26752/ http://irep.iium.edu.my/26752/1/Decision_Making_in_Changeable_spaces.pdf http://irep.iium.edu.my/26752/4/DM_Changeable_Published.pdf
first_indexed	2023-09-18T20:39:49Z
last_indexed	2023-09-18T20:39:49Z
_version_	1777409289460121600

Decision Making and Optimization in Changeable Spaces, a New Paradigm

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