Construct · 1 fields · 1 citations

robust decision making: a standalone construct

One name. One construct. A landmark on the map.

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robustdecision making1 CONSTRUCTRobust decision makingLEMPERT · DECISION SCIENCE

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Decision science

a method for choosing strategies that perform acceptably across many plausible futures rather than optimally for one forecast.

In decision science, robust decision making refers to a method for choosing strategies that perform acceptably across many plausible futures rather than optimally for one forecast. This meaning comes from Lempert (2006) in Management Science.[1]

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References

  1. Lempert, R. J., Groves, D. G., Popper, S. W., & Bankes, S. C. (2006). A General, Analytic Method for Generating Robust Strategies and Narrative Scenarios. Management Science, 52(4), 514-528. https://doi.org/10.1287/mnsc.1050.0472

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