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Introduction To Opportunity Cybernetics And Decision-Harmonizing Theory In Enterprises' Multiple Venture Management

Author

Listed:
  • JIALI GE

    (College of Oil and Gas Engineering, University of Petroleum at Beijing, Changping, Beijing, P.R. China, 102200, China)

  • HONGMIN ZHANG

    (College of Oil and Gas Engineering, University of Petroleum at Beijing, Changping, Beijing, P.R. China, 102200, China)

Abstract

This paper introduces a new concept of risk management for modern enterprises so-called opportunity cybernetics and decision-harmonizing theory. This theory was developed based on new challenges of which the enterprises face in the market, such as reverse correlativity, bubbled falsehood, virtual exchange, disorder chaos and unstable variation. The objective of opportunity cybernetics is to achieve the optimal combined profit for the enterprises with multiple venture management through a dynamic modeling control. The successful enterprises should maintain a harmony of chaos in uncertain business events and seek a compromise solution in competitive market. The paper also uses a giant petroleum company to show how to implement the opportunity cybernetics and decision-harmonizing theory in the real world.

Suggested Citation

  • Jiali Ge & Hongmin Zhang, 2002. "Introduction To Opportunity Cybernetics And Decision-Harmonizing Theory In Enterprises' Multiple Venture Management," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 43-51.
    • Handle: RePEc:wsi:ijitdm:v:01:y:2002:i:01:n:s0219622002000051
    DOI: 10.1142/S0219622002000051
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