Problem Solving in a Dynamic Environment

Download or read book Problem Solving in a Dynamic Environment written by Yan-Hong Ng and published by World Scientific. This book was released on 1995 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the process of human cognition and the way complex problems are solved by decomposing them into a list of strategic objectives, before focusing individually on each objective to plan for a tactical solution. This process has been formulated by military planners in the form of the Standard Operating Procedure, by which problem solving is organised into four different stages: deliberation, planning, war meeting and plan execution. This has enabled the development of a methodology for problem solving in a dynamic environment. This is illustrated with the help of a six-case study in chess and prediction of exchange rate movement in a foreign exchange market.