Making management decisions in conditions of risk and uncertainty

Making Decisions About Risk and Risk Management

Multi-criteria Decision-making in Management under Conditions of Risk and Uncertainty

Decision-making processes cross all sequential managerial functions. The quality of outcomes from these processes is decisive for the prosperity and viability of the managed (entrepreneurial) entity (unit). It depends on the quality of the information available and its use for making a decision. For the sake of decision-making process quality, a manager should not – particularly if the manageme...

Uncertainty and Uncertainty Management in EFL Translators

This study tried to examine EFL translators’ uncertainty and uncertainty management strategies through employing think aloud procedures. The participants of this study were some MA andBA translators selected from several universities in Iran. To this aim, a proficiency test was firstly administered among the volunteers. Then, think aloud protocol and retrospective interview were used to collect...

On the treatment of uncertainty and variability in making decisions about risk.

Much attention has been paid to the treatment of dependence and to the characterization of uncertainty and variability (including the issue of dependence among inputs) in performing risk assessments to avoid misleading results. However, with relatively little progress in communicating about the effects and implications of dependence, the effort involved in performing relatively sophisticated ri...

Contending with uncertainty in conservation management decisions

Efficient conservation management is particularly important because current spending is estimated to be insufficient to conserve the world's biodiversity. However, efficient management is confounded by uncertainty that pervades conservation management decisions. Uncertainties exist in objectives, dynamics of systems, the set of management options available, the influence of these management opt...