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Decentralized decision-making also contributes to the core knowledge of group intelligence and crowd wisdom, often in a subconscious way à la Carl Jung's collective unconscious. Decision theory is a method of deductive reasoning based on formal probability and deductive reasoning models.
Demosthenis Teneketzis’ research is on Stochastic Control, Decentralized Decision-Making with non-strategic decision-makers (teams) or strategic decision-makers (), resource allocation in networks with centralized or decentralized information and strategic or non-strategic agents, and fault diagnosis in discrete event systems.
A decentralised system in systems theory is a system in which lower level components operate on local information to accomplish global goals. The global pattern of behaviour is an emergent property of dynamical mechanisms that act upon local components, such as indirect communication, rather than the result of a central ordering influence of a ...
Decentralized planning is a type of economic system in which decision-making is distributed amongst various economic agents or localized within production agents. An example of this method in practice is in Kerala, India which experimented in 1996 with the People's Plan campaign. [86]
Holacracy is a method of decentralized management and organizational governance, which claims to distribute authority and decision-making through a holarchy of self-organizing teams rather than being vested in a management hierarchy. [1] [2] Holacracy has been adopted by for-profit and non-profit organizations in several countries. [3]
Decentralized planning can take shape both in the context of a mixed economy as well as in a post-capitalist economic system. This form of economic planning implies some process of democratic and participatory decision-making within the economy and within firms itself in the form of industrial democracy.
Decentralization Coalition; Decentralization in Rwanda; Decentralization process in Peru; Decentralized application; Decentralized decision-making; Decentralized identifier; Decentralized web; Delegated administration; Democratic Party for a New Society; Departments of Bolivia; Devolution
In 1996, the Decentralization Promotion Committee (DPC) made the interim report on five reasons to implement decentralisation reform. First, the centralized administrative system were suffering from system fatigue, and was not appropriate for the modern age. Secondly, it clarifies the role of the central government to an international politics.