A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information
Agro-industrial decision-making is hampered by several, variously-natured, uncertainties. As uncertainty reduction is expensive, the decision modelling process for these industries must strive to use all available information. However, said inclusive effort should be accompanied by an effort to keep...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Petra Christian University
2020-08-01
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| Series: | JIRAE (International Journal of Industrial Research and Applied Engineering) |
| Subjects: | |
| Online Access: | http://jirae.petra.ac.id/index.php/jirae/article/view/19373 |
| _version_ | 1811312245256224768 |
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| author | Mario Luis Chew Hernández Leopoldo Viveros-Rosas Verónica Velazquez-Romero |
| author_facet | Mario Luis Chew Hernández Leopoldo Viveros-Rosas Verónica Velazquez-Romero |
| author_sort | Mario Luis Chew Hernández |
| collection | DOAJ |
| description | Agro-industrial decision-making is hampered by several, variously-natured, uncertainties. As uncertainty reduction is expensive, the decision modelling process for these industries must strive to use all available information. However, said inclusive effort should be accompanied by an effort to keep modelling assumptions transparent. This work shows the development, from a Value-Focused Thinking perspective, of a model to assess alternatives for improving the operation of a cattle fodder producer. Modelling starts by analyzing and structuring the owner’s objectives and proceeds by systematically characterizing, via value judgments or probability distributions, the connections between structured objectives. Constructing the model over a blueprint of connected objectives allows a faithful representation of the understanding of the system behavior while the methodical, one-connection-at-a-time, modelling procedure renders the assumptions used to operationalize each connection visible, facilitating their replacement if more information becomes available. The modelling approach put forward here can support industrial decision making with limited information. |
| first_indexed | 2024-04-13T10:32:44Z |
| format | Article |
| id | doaj.art-6e5e510a7b5e473982549ce7b71c6dd6 |
| institution | Directory Open Access Journal |
| issn | 2407-7259 |
| language | English |
| last_indexed | 2024-04-13T10:32:44Z |
| publishDate | 2020-08-01 |
| publisher | Petra Christian University |
| record_format | Article |
| series | JIRAE (International Journal of Industrial Research and Applied Engineering) |
| spelling | doaj.art-6e5e510a7b5e473982549ce7b71c6dd62022-12-22T02:50:08ZengPetra Christian UniversityJIRAE (International Journal of Industrial Research and Applied Engineering)2407-72592020-08-0142333910.9744/jirae.4.2.33-3918704A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce informationMario Luis Chew Hernández0Leopoldo Viveros-Rosas1Verónica Velazquez-Romero2Technological of Superior Studies of CoacalcoTechnological of Superior Studies of CoacalcoTechnological of Superior Studies of CoacalcoAgro-industrial decision-making is hampered by several, variously-natured, uncertainties. As uncertainty reduction is expensive, the decision modelling process for these industries must strive to use all available information. However, said inclusive effort should be accompanied by an effort to keep modelling assumptions transparent. This work shows the development, from a Value-Focused Thinking perspective, of a model to assess alternatives for improving the operation of a cattle fodder producer. Modelling starts by analyzing and structuring the owner’s objectives and proceeds by systematically characterizing, via value judgments or probability distributions, the connections between structured objectives. Constructing the model over a blueprint of connected objectives allows a faithful representation of the understanding of the system behavior while the methodical, one-connection-at-a-time, modelling procedure renders the assumptions used to operationalize each connection visible, facilitating their replacement if more information becomes available. The modelling approach put forward here can support industrial decision making with limited information.http://jirae.petra.ac.id/index.php/jirae/article/view/19373decision analysisindustrial managementvalue focused thinking |
| spellingShingle | Mario Luis Chew Hernández Leopoldo Viveros-Rosas Verónica Velazquez-Romero A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information JIRAE (International Journal of Industrial Research and Applied Engineering) decision analysis industrial management value focused thinking |
| title | A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information |
| title_full | A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information |
| title_fullStr | A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information |
| title_full_unstemmed | A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information |
| title_short | A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information |
| title_sort | novel value focused thinking based approach for modelling agro industrial decisions under scarce information |
| topic | decision analysis industrial management value focused thinking |
| url | http://jirae.petra.ac.id/index.php/jirae/article/view/19373 |
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