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.
Show moreStarting year
2024
End year
2028
Granted funding
Funder
Research Council of Finland
Funding instrument
Academy research fellows
Decision maker
Scientific Council for Natural Sciences and Engineering
13.06.2024
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