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Robust policy analysis for complex open systems
Volume: 7, Issue 1
Real institutions are 'open', which can result in unpredictable changes in both their internal resources and external environment. This implies that a broadly useful approach to decision support must not rely on either prediction or on gathering all relevant information before useful calculations can be made. This paper describes an approach to highly interactive decision support based upon using ensembles of alternative models, robust option analysis, and adaptive strategies.