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Possibility Engineering

Authors: James C. Felli;

Possibility Engineering

Abstract

Possibility engineering is a variant of decision analysis that focuses on highlighting a robust set of acceptable courses of action that satisfy a decision maker’s value constraints rather than identifying and prescribing a single, optimal course of action. A shift from a conventional decision-analytic approach to a possibility engineering approach can facilitate problem resolution by sparing decision makers from misconceptions surrounding the term “decision analysis” and freeing them from its demands for structural precision, preferential fidelity, and prescription adherence. In this work, I will develop possibility engineering as a framework for resolving problems of choice under uncertainty. This development will include motivation for adopting a possibility engineering framework, establishment of synthetic probabilities and synthetic decision trees as core framework elements, formalization of concatenation and clone operations for matrices, and ultimately establishment of the possibility matrix as the mechanism for partitioning the set of all available courses of action in a manner consistent with the decision maker's value constraints.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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