The Manual of Strategic Economic Decision Making: Using Bayesian Belief Networks to Solve Complex Problems - Hardcover

Grover, Jeff

Hardcover

ISBN 10: 3319484133 ISBN 13: 9783319484136

Verlag: Springer, 2017

Inhaltsangabe

This book is an extension of the author's first book and serves as a guide and manual on how to specify and compute 2-, 3-, and 4-Event Bayesian Belief Networks (BBN). It walks the learner through the steps of fitting and solving fifty BBN numerically, using mathematical proof. The author wrote this book primarily for inexperienced learners as well as professionals, while maintaining a proof-based academic rigor.

The author's first book on this topic, a primer introducing learners to the basic complexities and nuances associated with learning Bayes' theorem and inverse probability for the first time, was meant for non-statisticians unfamiliar with the theorem-as is this book. This new book expands upon that approach and is meant to be a prescriptive guide for building BBN and executive decision-making for students and professionals; intended so that decision-makers can invest their time and start using this inductive reasoning principle in their decision-making processes. It highlights the utility of an algorithm that served as the basis for the first book, and includes fifty 2-, 3-, and 4-event BBN of numerous variants.

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Über die Autorin bzw. den Autor

Jeff Grover, Doctor of Business Administration (DBA) (Finance), is Founder and Chief Research Scientist at Grover Group, Inc., where he specializes in Bayes’ Theorem and its application to strategic economic decision making through Bayesian Belief Networks (BBN). He specializes in blending economic theory and BBN to maximize stakeholder wealth. He is a winner of the Kentucky Innovation Award (2015) for the application of his proprietary BBN big data algorithm. He has operationalized BBN in the healthcare industry, evaluating the Medicare “Hospital Compare” data; in the Department of Defense, conducting research with U.S. Army Recruiting Command to determine optimal levels of required recruiters for recruiting niche market medical professionals; and in the agriculture industry in optimal soybean selection. In the area of economics, he was recently contracted by the Department of Energy, The Alliance for Sustainable Energy, LLC Management and Operating Contractor for the National Renewable Energy Laboratory, to conduct a 3rd party evaluation of the Hydrogen Financial Analysis Scenario (H2FAST) Tool.

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This book serves as a guide and manual on how to specify and compute 2-, 3-, & 4-Event Bayesian Belief Networks (BBNs). It walks the reader through the steps of fitting BBNs and solving them numerically using mathematical proof and also by example, including all data sets and Excel solutions to each of the 50 BBNs. The book is written for professionals primarily but with a proof-based academic rigor.

The author's first book on this topic was a primer introducing readers to the basic complexities and nuances associated with learning Bayes theory and inverse probability for the first time, meant for non-statisticians unfamiliar with Bayes theorem - as is this book. This new book expands upon that approach and is meant to be a prescriptive guide for building Bayesian Belief Networks and executive decision-making for students and professionals; intended so that decision-makers can invest their time and start using this inductive reasoning principle in their decision-making. It highlights the utility of an algorithm which served as the basis for the first book and includes fifty 2-,3-, and 4-event BBNs of numerous variants.

• Equips readers with a simplified reference source for all aspects of the discrete form of Bayes theorem and its application to BBN
  
• Provides a compact resource for the statistical tools required to build a BBN
  
• Includes an accompanying statistical analysis portal
  

Jeff Grover, PhD, is Founder and Chief Research Scientist at Grover Group, Inc., where he specializes in Bayes Theorem and its application to strategic economic decision making through Bayesian belief networks (BBNs). He specializes in blending economic theory and BBN to maximize stakeholder wealth. He is a winner of the Kentucky Innovation Award (2015) for the application of his proprietary BBN big data algorithm. He has operationalized BBN in the healthcare industry, evaluating the Medicare Hospital Compare data; in the Department of Defense, conducting research with U.S. Army Recruiting Command to determine optimal levels of required recruiters for recruiting niche market medical professionals; and in the agriculture industry in optimal soybean selection. In the area of economics, he was recently contracted by the Department of Energy, The Alliance for Sustainable Energy, LLC Management and Operating Contractor for the National Renewable Energy Laboratory, to conduct a 3rd party evaluation of the Hydrogen Financial Analysis Scenario (H2FAST) Tool.

Details zur Ausgabe

• Verlag: Springer
• Erscheinungsdatum: 2017
• Sprache: Englisch
• ISBN 10: 3319484133
• ISBN 13: 9783319484136
• Einband: Tapa dura
• Auflage: 1
• Anzahl der Seiten: 290
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Deutschland