Control Systems-Concepts and Insights for Managerial Decision Making

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Control science is the only rigorous approach for effective decision making in complex dynamical systems! This maxim is relevant beyond the realm of engineered systems, even if its universality is not appreciated by all control scientists and engineers. In this paper I discuss the application of control concepts to managerial decision making-which encompasses decision making for business strategy, social change, and a sustainable ecosystem. Several "insights"derived from control science and engineering are presented for managers and other decision makers.

Original languageEnglish (US)
Title of host publication2020 IEEE 10th International Conference on Intelligent Systems, IS 2020 - Proceedings
EditorsVassil Sgurev, Vladimir Jotsov, Rudolf Kruse, Mincho Hadjiski
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages26-30
Number of pages5
ISBN (Electronic)9781728154565
DOIs
StatePublished - Aug 2020
Event10th IEEE International Conference on Intelligent Systems, IS 2020 - Sofia, Bulgaria
Duration: Aug 28 2020Aug 30 2020

Publication series

Name2020 IEEE 10th International Conference on Intelligent Systems, IS 2020 - Proceedings

Conference

Conference10th IEEE International Conference on Intelligent Systems, IS 2020
CountryBulgaria
CitySofia
Period8/28/208/30/20

Keywords

  • component
  • mental models
  • model-based control
  • organizaitonal management
  • social change
  • sustainability
  • system dynamics
  • systems thinking

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