Title: Discounting for proactive decision making in systemics
Authors: Constantinos T. Artikis; Panagiotis T. Artikis
Addresses: Department of Tourism, Faculty of Economic Sciences, Ionian University, 49132 Corfu, Greece ' Department of Accounting and Finance, School of Management, Economic and Social Sciences, University of West Attica, 12244 Egaleo, Athens, Greece
Abstract: Proactivity constitutes a concept very significant to systemics and relevant practical disciplines. Decision making is a practical discipline strongly supported by the incorporation of proactivity. In consequence, proactive decision making is readily recognised as a valuable research activity on the evolution of systems. Moreover, proactive decision making is generally adopted as a particularly valuable process for improving the resilience of systems in environments of global, catastrophic, or existential risks. It is widely acknowledged that the development and application of discounting models facilitate the implementation of proactive decision making. The paper focuses on the incorporation of discounting in proactive decision making for operations of systems.
Keywords: resilience; decision; proactivity; stochastic integral; discounting.
DOI: 10.1504/IJASS.2023.135729
International Journal of Applied Systemic Studies, 2023 Vol.10 No.4, pp.343 - 352
Received: 02 May 2023
Accepted: 21 Jun 2023
Published online: 03 Jan 2024 *