The good sources of quantitative business knowledge

Overview[ edit ] Definitions of complexity often depend on the concept of a confidential " system " — a set of parts or elements that have relationships among them differentiated from relationships with other elements outside the relational regime. Many definitions tend to postulate or assume that complexity expresses a condition of numerous elements in a system and numerous forms of relationships among the elements. However, what one sees as complex and what one sees as simple is relative and changes with time. Warren Weaver posited in two forms of complexity:

The good sources of quantitative business knowledge

The Becoming of a Management Scientist Introduction and Summary Many people still remain in the bondage of self-incurred tutelage.

Self-incurred is this tutelage when its cause lies not in lack of reason but in lack of resolution and courage to use it without wishing to have been told what to do by something or somebody else. During this period, Francisco Goya created his well-known "The sleep of reason produces monsters" masterpiece.

Through the Enlightenment era's struggle and much suffering, "the individual" finally appeared. Eventually human beings gained their natural freedom to think for themselves. However, this has been too heavy a responsibility for many people to carry. There has been an excess of failure.

They easily give up their natural freedom to any cult in exchange for an easy life. The difficulty in life is the choice. They do not even have the courage to repeat the very phrases which our founding fathers used in the struggle for independence. What an ironic phenomenon it is that you can get men to die for the liberty of the world who will not make the little sacrifice that it takes to free themselves from their own individual bondage.

Good decision-making brings about a better life. It gives you some control over your life. In fact, many frustrations with oneself are caused by not being able to use one's own mind to understand the decision problem, and the courage to act upon it.

A bad decision may force you to make another one, as Harry Truman said, "Whenever I make a bum decision, I go out and make another one.

Overcoming Serious Indecisiveness

A good decision is never an accident; it is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives. One must appreciate the difference between a decision and an objective. A good decision is the process of optimally achieving a given objective.

When decision making is too complex or the interests at stake are too important, quite often we do not know or are not sure what to decide. In many instances, we resort to informal decision support techniques such as tossing a coin, asking an oracle, visiting an astrologer, etc.

However formal decision support from an expert has many advantages.

The good sources of quantitative business knowledge

This web site focuses on the formal model-driven decision support techniques such as mathematical programs for optimization, and decision tree analysis for risky decisions. Such techniques are now part of our everyday life. For example, when a bank must decide whether a given client will obtain credit or not, a technique, called credit scoring, is often used.

Rational decisions are often made unwillingly, perhaps unconsciously. We may start the process of consideration. It is best to learn the decision-making process for complex, important and critical decisions.

Critical decisions are those that cannot and must not be wrong.

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Ask yourself the objective: What is the most important thing that I am trying to achieve here? The decision-maker's style and characteristics can be classified as: The thinker, the cowboy snap and uncompromisingMachiavellian ends justifies the meansthe historian how others did itthe cautious even nervousetc.

For example, political thinking consists in deciding upon the conclusion first and then finding good arguments for it. As the title of this site indicates, it is applied which means it is concrete not abstract or "knowledge for the sake of knowledge".

It is axiomatic that if learning occurs, there is change in you.Epistemology in a business research as a branch of philosophy deals with the sources of knowledge.

Specifically, epistemology is concerned with possibilities, nature, sources and limitations of knowledge in . This article identifies the sources from which one acquires knowledge or justified belief.

It distinguishes the “four standard basic sources”: perception, memory, consciousness, and reason. A basic source yields knowledge or justified belief without positive dependence on another source.

This article distinguishes each of the above as a basic source of knowledge, with the exception of memory. Complexity characterises the behaviour of a system or model whose components interact in multiple ways and follow local rules, meaning there is no reasonable higher instruction to define the various possible interactions..

The term is generally used to characterize something with many parts where those parts interact with each other in multiple ways, culminating in a higher order of emergence.

As a first year graduate student, this was the required text in my very first course in seismology! Boy was I intimidated! I had only taken calculus up through ODE's so much of the material in this book was difficult for me to comprehend.

Our capabilities for quantitative immunoassays (or ligand-binding assays) include developing methods for novel biologics and biosimilars, transfer, optimization and validation of existing methods (including kit assays) combined with toxicokinetic (TK) and clinical pharmacokinetic (PK) support services for .

Now available: UNEG Guidance on Evaluating Institutional Gender Mainstreaming This practical guide is designed for UNEG members, policy and programme evaluators and others who advocate for a common approach to assessing progress of institutional gender mainstreaming in the United Nations system.

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