Merging strategic and tactical planning in dynamic uncertain environment
Author: Dutta, Soumitra ; Bonissone, P. P. ; Wood, NancyINSEAD Area: Technology and Operations ManagementIn: IEEE Transactions on Systems Man and Cybernetics, vol. 24, no. 6, June 1994 Language: EnglishDescription: p. 841-862.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: This paper presents a new approach to planning in dynamic and uncertain environments. Planning is viewed as a process in which an agent's long term goals are transformed into short term tasks and objectives, given the context of planning. The developed model allows for a dynamic balance between long term strategic planning and short term tactical planning. A combination of rules and scripts is used. Rules are used for reasoning about long term strategic choices. Scripts are used for representing short term tasks and objectives. The uncertainty calculi of RUM/PRIMO are used for supporting reasoning under uncertainty. In the proposed model, it is also possible to achieve a seamless integration of case-based reasoning into the planning process. These ideas have been implemented in a system called MARS, which plans in the financial domain of mergers and acquisitions| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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This paper presents a new approach to planning in dynamic and uncertain environments. Planning is viewed as a process in which an agent's long term goals are transformed into short term tasks and objectives, given the context of planning. The developed model allows for a dynamic balance between long term strategic planning and short term tactical planning. A combination of rules and scripts is used. Rules are used for reasoning about long term strategic choices. Scripts are used for representing short term tasks and objectives. The uncertainty calculi of RUM/PRIMO are used for supporting reasoning under uncertainty. In the proposed model, it is also possible to achieve a seamless integration of case-based reasoning into the planning process. These ideas have been implemented in a system called MARS, which plans in the financial domain of mergers and acquisitions
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