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Article . 2024
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
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Decision-Making In Uncertain Environments

Authors: Muhammad Rafiq-uz-Zaman; Sadaf Jabeen;

Decision-Making In Uncertain Environments

Abstract

Uncertainty is a defining characteristic of many real-world decision-making environments. From rapidly shifting markets to geopolitical instability and technological disruption, uncertainty complicates the ability of individuals and organizations to make optimal decisions. This paper explores decision-making strategies under uncertainty, drawing from fields such as behavioral economics, cognitive psychology, strategic management, and operations research. It highlights how classical models of rational decision-making fall short in uncertain conditions, and examines adaptive approaches such as bounded rationality, scenario planning, heuristics, and robust decision frameworks. The paper also reviews contemporary tools and technologies, such as AI and simulations, that aid in navigating uncertainty in dynamic contexts.

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citations
The total number of citations received by all articles of the researcher of interest.
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
Green