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Decentralized decision-making also contributes to the core knowledge of group intelligence and crowd wisdom, often in a subconscious way à la Carl Jung's collective unconscious. Decision theory is a method of deductive reasoning based on formal probability and deductive reasoning models.
Demosthenis Teneketzis’ research is on Stochastic Control, Decentralized Decision-Making with non-strategic decision-makers (teams) or strategic decision-makers (), resource allocation in networks with centralized or decentralized information and strategic or non-strategic agents, and fault diagnosis in discrete event systems.
The decentralized partially observable Markov decision process (Dec-POMDP) [1] [2] is a model for coordination and decision-making among multiple agents. It is a probabilistic model that can consider uncertainty in outcomes, sensors and communication (i.e., costly, delayed, noisy or nonexistent communication).
Holacracy is a method of decentralized management and organizational governance, which claims to distribute authority and decision-making through a holarchy of self-organizing teams rather than being vested in a management hierarchy. [1] [2] Holacracy has been adopted by for-profit and non-profit organizations in several countries. [3]
Teal is driven by self-management, intuitive reasoning, decentralised decision-making, wholeness, and a deeper sense of purpose. [2] Depending on the edition, Laloux goes into varying detail about the practices associated with self-management, wholeness, and evolutionary purpose, as well as giving case studies that exemplify said practices.
Multiscale decision-making, also referred to as multiscale decision theory (MSDT), is an approach in operations research that combines game theory, multi-agent influence diagrams, in particular dependency graphs, and Markov decision processes to solve multiscale challenges [1] in sociotechnical systems. MSDT considers interdependencies within ...
Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it.
Decentralised systems are intricately linked to the idea of self-organisation—a phenomenon in which local interactions between components of a system establish order and coordination to achieve global goals without a central commanding influence.