Category Archives: Decision Modeling

Amazon automates buying and stocking decisions

Machines are beating people at the critical inventory decisions that separate the winners and losers in retail. For the staffers deciding how many books, games or plastic pool toys to peddle, the tradeoff can be stark: Order too little and … Continue reading

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Challenge Sep-2018 “Balanced Assignment”

This challenge deals with assignment of people to certain activities, for instance: assigning students to project groups or assigning professors to offices.  We are using the problem formulation and test data provided by Prof. Robert Fourer (AMPL). We expect that not … Continue reading

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How DMN could help to explain ML outcome

Dr Jan Purchase just published an article “Better AI Transparency Using Decision Modeling“, in which he describes several possible ways to provide reasonable explanations to the outcome of machine learning algorithms. Jan without hesitations describes practical limitations of the described approaches.  Jan … Continue reading

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Double-Axis Decision Tables

FICO Blaze Advisor 7.5 introduced the ability to create a double-axis decision table. Here is an example:

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Combining DMN and Blockchain

I consider combining DMN and blockchain as a very promising approach for a while. Early this year Edson Tirelli described how DMN decision services can be invoked from smart contracts. And today I read the first paper that addresses the execution of … Continue reading

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Decision Automation and Explanations

Prof. Gene Freuder wrote a position paper “Complete Explanations”: “The position taken here is that it can be worthwhile to start with truly complete explanations and abstract and limit from there. The goal is to provide a high-level “big picture” of … Continue reading

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How to use traditional scorecards and AI together

Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Given the excitement around AI today, this question is inevitable. The fact is that traditional scorecard methods and AI bring different advantages to credit risk … Continue reading

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