Multiscale decision-making

Multiscale decision-making, also referred to as multiscale decision theory (MSDT), is an approach in <a href="/facts/Operations_research/H5yJkV5n">operations research</a> that combines <a href="/facts/Game_theory/zkEIj1ya">game theory</a>, <a href="/facts/Multi-agent_system/A85vt3UA">multi-agent</a> <a href="/facts/Influence_diagram/uEzLE5kK">influence diagrams</a>, in particular <a href="/facts/Dependency_graph/AVC2CjGX">dependency graphs</a>, and <a href="/facts/Markov_decision_process/cVlWIDrw">Markov decision processes</a> to solve multiscale challenges in <a href="/facts/Sociotechnical_system/qTbAsth7">sociotechnical systems</a>. MSDT considers interdependencies within and between the following scales: system level, time and information.
Multiscale decision theory builds upon <a href="/facts/Decision_theory/TbXcQX0v">decision theory</a> and <a href="/facts/Multiscale_mathematics/PkxUJ6FN">multiscale mathematics</a>. Multiscale decision theory can model and analyze complex <a href="/facts/Decision-making/NbJYprSw">decision-making</a> <a href="/facts/Network_(mathematics)/kw3eIBUe">networks</a> that exhibit multiscale phenomena. The theory's results can be used by <a href="/facts/Mechanism_design/l3Uj6wfe">mechanism designers</a> and decision-makers in organizations and <a href="/facts/Complex_system/eGG3B1nn">complex systems</a> to improve system performance and decision quality.
Multiscale decision theory has been applied to manufacturing enterprise enterprises, <a href="/facts/Service_system/556pbtGE">service systems</a>, <a href="/facts/Supply_chain_management/3bEP00vC">supply chain management</a>, <a href="/facts/Healthcare/LPS1WKbI">healthcare</a>, <a href="/facts/Systems_engineering/gFwRmkDp">systems engineering</a>, among others. In <a href="/facts/Healthcare/LPS1WKbI">healthcare</a>, for example, MSDT has been used to identify multi-level incentives that can improve <a href="/facts/Healthcare/LPS1WKbI">healthcare</a> value (quality of outcomes per dollar spent). The <a href="http://www.msdm.ise.vt.edu/index.html">Multiscale Decision Making Laboratory</a> at <a href="/facts/Virginia_Tech/5nNYd0ur">Virginia Tech</a> directed by Dr. Christian Wernz is working at the forefront of MSDT theory and applications.
Multiscale decision theory is related to:

<ul><li><a href="/facts/Multiscale_modeling/PkxUJ6FN">Multiscale modeling</a></li>
<li><a href="/facts/Decision_analysis/J2gxEMpa">Decision analysis</a></li>
<li><a href="/facts/Cooperative_distributed_problem_solving/IRPT2cTf">Cooperative distributed problem solving</a></li>
<li><a href="/facts/Decentralized_decision_making/0FruFdLl">Decentralized decision making</a></li></ul>

Multiscale decision-making open-in-new

Multiscale decision-making