After several years of research at Mid Sweden University, the decision tool DecideIT has been developed for the purpose of enhancing the ability of decision-makers to reach rational decisions.
The advantages include a more structured decision-making process and the capacity to analyze problems that previously were too complex for analysis. This has been shown in a dissertation from Mid Sweden University.
"The decision tool DecideIT has been used for instructional purposes at Stockholm University and Gävle University College, besides Mid Sweden University, but also at universities in China and Brazil as well," says Jim Idefeldt, adding that the spin-off company Preference AB (www.preference.nu) will now be commercializing the tool.
To improve the quality of decision-making, it is a good idea to use a structured decision-making process and a well-developed method for risk and decision analysis. This is best done with the aid of a so-called decision tool, a computer program that supports and facilitates decision-making.
However, available information is often insufficient to enable the use of existing decision tools, such as how reasonable various scenarios are or what the possible consequences of various actions might be. The problem of dealing with information that is not in numerical form, for example, relegated earlier decision tools to a very minor role.
To solve these problems, an entirely new formalism has been created to be able to address this particular deficiency. This type of formalism is what underlies the tool DecideIT.
It is based on unique algorithms that make it possible to deal with and analyze complex decision-making situations, even in cases where precise information is not available. It is often sufficient to use probabilities, utility values, and weighting in the form of comparisons or intervals, but the tool also informs the user where more resources should be used to obtain a better basis for making a decision.
Jim Idefeldt is defending his thesis in computer science (decision analysis), titled An Applied Approach to Numerically Imprecise Decision Making.Questions can be directed to:
Lars Aronsson | idw
Five developments for improved data exploitation
19.04.2017 | Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, DFKI
Smart Manual Workstations Deliver More Flexible Production
04.04.2017 | Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, DFKI
More and more automobile companies are focusing on body parts made of carbon fiber reinforced plastics (CFRP). However, manufacturing and repair costs must be further reduced in order to make CFRP more economical in use. Together with the Volkswagen AG and five other partners in the project HolQueSt 3D, the Laser Zentrum Hannover e.V. (LZH) has developed laser processes for the automatic trimming, drilling and repair of three-dimensional components.
Automated manufacturing processes are the basis for ultimately establishing the series production of CFRP components. In the project HolQueSt 3D, the LZH has...
Reflecting the structure of composites found in nature and the ancient world, researchers at the University of Illinois at Urbana-Champaign have synthesized thin carbon nanotube (CNT) textiles that exhibit both high electrical conductivity and a level of toughness that is about fifty times higher than copper films, currently used in electronics.
"The structural robustness of thin metal films has significant importance for the reliable operation of smart skin and flexible electronics including...
The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.
Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...
The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...
Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.
Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...
20.04.2017 | Event News
18.04.2017 | Event News
03.04.2017 | Event News
24.04.2017 | Physics and Astronomy
24.04.2017 | Materials Sciences
24.04.2017 | Life Sciences