Modern Economy

Volume 11, Issue 2 (February 2020)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.74  Citations  h5-index & Ranking

Managing Urban Complexity through Decision Coordination

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DOI: 10.4236/me.2020.112021    359 Downloads   951 Views  Citations
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ABSTRACT

The purpose of the paper is to identify conceptually effective action modes for coordinating decisions, given a scope of interdependent decisions. More specifically, the paper addresses a fundamental question about coordinating decisions: given a finite set of decisions, how should we coordinate these decisions through plans, administration, regulations, and governance? To address the question, we analyze axiomatically structures of decisions through binary relations. There are four types of such relations, namely, dependence, independence or converse of dependence, mutual dependence, and mutual independence. Each relation constitutes an ordering with associated properties. Structural characteristics of the four types of relations can be investigated. A scope of coordinating decisions is defined as the transitive closure of a binary relation and a coordination mode is defined as the choice function within the scope through which the coordination mode results in the best outcome. Possible extensions of the conceptual framework are discussed.

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Lai, S. (2020) Managing Urban Complexity through Decision Coordination. Modern Economy, 11, 239-248. doi: 10.4236/me.2020.112021.

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