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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Simulation-Based Optimization: Implications Of Complex Adaptive Systems And Deep Uncertainty, Andreas Tolk
Simulation-Based Optimization: Implications Of Complex Adaptive Systems And Deep Uncertainty, Andreas Tolk
VMASC Publications
Within the modeling and simulation community, simulation-based optimization has often been successfully used to improve productivity and business processes. However, the increased importance of using simulation to better understand complex adaptive systems and address operations research questions characterized by deep uncertainty, such as the need for policy support within socio-technical systems, leads to the necessity to revisit the way simulation can be applied in this new area. Similar observations can be made for complex adaptive systems that constantly change their behavior, which is reflected in a continually changing solution space. Deep uncertainty describes problems with inadequate or incomplete information about …
Foundations For A Game Theoretic Framework For Agile Acquisition, Scott Rosen, Kelly Horinek, Alexander Odeh, Les Servi, Andreas Tolk
Foundations For A Game Theoretic Framework For Agile Acquisition, Scott Rosen, Kelly Horinek, Alexander Odeh, Les Servi, Andreas Tolk
VMASC Publications
This article investigates the concept of developing a game theoretic framework that is based on the application of buyer and seller utility functions to support the bidding process in government acquisition. The results of a literature survey of utility function approaches, with potential to provide a suitable foundation to a game theory framework for acquisition, are presented. The utility function methods found most promising were further adapted and tested: the Best-Worst method, the Multi-Swing Method, and Functional Dependency for Network Analysis. To test the scalability of the approach, the Best-Worst method is applied to a larger problem to show the …