Anti-fragile Decision-making: tHink beYonD Robustness And resilience (HYDRA)

Description of the granted funding

Gaza's war, the Russian invasion of Ukraine, and the coronavirus outbreak were recent global wake-up calls highlighting the fragility of our decisions and prompted all the decision-makers to understand that our perspectives and approaches must change. HYDRA aims to provide support to make better and antifragile decisions. The focus is on handling deep uncertainty and better preparation for the future. The architecture to be developed renews the perspective of decision-making under uncertainty to think beyond robustness and resilience and look for opportunities to benefit from volatilities. This comprehensive architecture does not only rely on history and unreliable predictions. It also considers less probable and rare events and consequences of the decisions, supports simultaneous consideration of multiple objectives, provides adaptive pathways to avoid fragility and continuous performance improvement in the long-term planning horizon, and will be validated in real-life applications.
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Starting year

2024

End year

2028

Granted funding

Babooshka Shavazipour Orcid -palvelun logo
654 491 €

Funder

Research Council of Finland

Funding instrument

Academy research fellows

Decision maker

Scientific Council for Natural Sciences and Engineering
13.06.2024

Other information

Funding decision number

360133

Fields of science

Other engineering and technologies

Research fields

Tuotantotalous

Identified topics

climate change, resilience, adaptation