Decision Making and Optimization in Changeable Spaces, a New Paradigm

Moussa Larbani () and Po Lung Yu ()
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Moussa Larbani: IIUM university
Po Lung Yu: National Chiao Tung University

Journal of Optimization Theory and Applications, 2012, vol. 155, issue 3, No 1, 727-761

Abstract: 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.

Keywords: Habitual domains; Decision making; Changeable spaces; Parameters; Covering; Discovering; Competence set; Decision blinds; Decision traps (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10957-012-0103-9

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