Universality of neutral models: decision process in politics

Deriving Decision Models from Process Models by Enhanced Decision Mining

Optimal decision making during the business process execution is crucial for achieving the business goals of an enterprise. Process execution often involves the usage of the decision logic specified in terms of business rules represented as atomic elements of conditions leading to conclusions. However, the question of using and integrating the processand decision-centric approaches, i.e. harmon...

Universality in sandpile models.

A new classification of sandpile models into universality classes is presented. On the basis of extensive numerical simulations, in which we measure an extended set of exponents, the Manna two state model [S. S. Manna, J. Phys. A 24, L363 (1991)] is found to belong to a universality class of random neighbor models which is distinct from the universality class of the original model of Bak, Tang ...

Micro-Process Models of Decision Making

Computational models are like the new kids in town for the field of decision making. This field is largely dominated by axiomatic utility theories (Bell, Raiffa, & Tversky, 1998; Luce, 2000) or simple heuristic rule models (Gigerenzer, Todd, & the ABC Research Group, 1999; Payne, Bettman, & Johnson, 1993). It is difficult for “the new kids” to break into this field for a very important reason: ...

Strategic Decision Making: Process, Models, and Theories

Enriching Business Process Models with Decision Rules

Making the right decisions in time is one of the key tasks in every business. In this context, decision theory fosters decision-making based on well-defined decision rules. The latter evaluate a given set of input parameters and utilize evidenced data in order to determine an optimal alternative out of a given set of choices. In particular, decision rules are relevant in the context business pr...