Join SDP at Risk Awareness Week!
October 7 - 11, 2024

The Society of Decision Professionals (SDP) is excited to present a Decision Quality workshop series at RISK AWARENESS WEEK - largest virtual risk conference 7-11 October 2024 (RAW) 2024! This annual, virtual conference is designed to empower risk managers to improve risk management and decision-making.

This year, SDP will deliver 9 impactful presentations on how Decision Quality can be applied in risk management. Don't miss the DQ series on October 9th and explore more on the RAW 2024 Agenda, featuring top experts like Grant Purdy, Doug Hubbard, and Sam S..

Sign up for full access to workshops, live presentations, and replays here: https://lnkd.in/gPUK5s39

Not yet an SDP Member? Now is the perfect time to join! Become a member and get free access to RAW 2024, plus exclusive perks like webinars, networking opportunities, certifications, and more. As a part of our global community, you'll gain valuable insights from leading decision professionals to help elevate your career.

https://lnkd.in/g-iBEwHE

Already an SDP Member? Contact us at info@decisionprofessionals.com to receive a special promo for RAW 2024 registration!

Boston Houston Chapter In-Person
SDP BOSTON CHAPTER MEETING
Thursday, October 10, 2024
5:30PM - 7:30PM ET | IN-PERSON

Event Title:
Strategic Decision Making in High-Stakes Industries: Insights from Pharma and Energy Leaders

Event Description:
Join us for an exclusive event organized by the Society of Decision Professionals (SDP), featuring two thought-provoking talks from industry leaders at the intersection of decision sciences, data science, and business strategy. This is a unique opportunity to learn from experts who are applying cutting-edge decision-making frameworks in industries that shape our future: pharmaceuticals and energy.

Speakers:
Gary Summers, Director of Oncology Portfolio Decision Sciences at GSK, will explore how causal inference and advanced analytics are transforming drug development by analyzing clinical trial data to uncover hidden insights that improve the probability of success.
Talk: Moneyball in Drug Development: Learning about drug development by analyzing historical data with causal inference and discovery.

Jay Goldman, Vice President of Trading at Solea Energy, will take you on a fascinating journey from his career in experimental physics to leading power trading teams. He will share how decision sciences have guided his strategic choices in the rapidly evolving energy sector, from trading to battery optimization.
Talk: From Lasers to Power Trading: A Decision Analysis Journey.

Whether you're interested in decision sciences, strategic leadership, or just curious about how data-driven insights shape industries, this event offers a fantastic opportunity to connect with industry professionals, MIT EMBA and SFMBA students, and leaders from top companies like Novartis, Takeda, Biogen, Exxon, and Shell. Don’t miss out on this chance to expand your network and knowledge!

Speaker: Michael Runge (U.S. Geological Survey, Eastern Ecological Science Center)
Moderator: Laura Brandt, Ph.D., Regional Scientist, U.S. Fish and Wildlife Service, University of Florida, Davie, FL

Abstract:
The value of information is a central concept in decision analysis, used to quantify how much the expected outcome of a decision would be improved if epistemic uncertainty could be resolved prior to committing to a course of action. One of the challenges, however, in quantitative analysis of the value of information is that the calculations are demanding, especially in requiring predictions of outcomes as a function of alternative actions and sources of uncertainty. But the concept of value of information is important in early framing of some decisions, before such predictive tools are available. In this presentation, I will describe a constructed measure of the value of information (CVOI), grounded in the algebra of the expected value of perfect information (EVPI), but requiring less of experts and analysts. The CVOI calculation decomposes EVPI into a contribution representing the relevance of the uncertainty to the decision and a contribution representing the magnitude of uncertainty; constructed scales are then proposed for each contribution. I will show some examples of the use of CVOI in natural resource management, discuss some of the subtleties of implementation, and close with some open questions.

Right after the webinar, we will have a Meet the Speaker Session exclusively for Members of the Society of Decision Professionals.

Engage directly with Michael.
Network and Meet fellow members and experts in the field in a lively discussion.
Ask Questions: Pose your questions directly to our speaker.
Share Insights: Offer your perspectives and experiences related to the “A Simplified Method for Value of Information using Constructed Scales”.
Your voice and input are valuable to us, and this Meet the Speaker Session aims to foster a collaborative environment where ideas can be exchanged, and new connections can be made.

Date: October 16, 2024
Time: 9:00am - 9:30am PT (Immediately following the webinar)
Register here: https://us06web.zoom.us/meeting/register/tZ0pfuCrrjgrE90_arLLJ4CnC0hH93cESjRf#/registration
Please Note: This session is exclusive to SDP Members. Membership will be verified ahead of time.

Calgary Chapter Virtual Meeting
SDP CALGARY CHAPTER MEETING
Tuesday, October 5, 2024
12:00 - 13:00 MST | VIRTUAL

Does your organization often leave value on the table in negotiating agreements? Do deals fail to close in a timely manner? Do agreements sometimes unravel? This webinar discusses why value is so often not captured in negotiating agreements and how companies can use lessons from game theory and a practical game theory approach to effectively and efficiently develop strategies and tactics for negotiating high value deals.

Join us for what we hope is a fun and engaging webinar.

***Registration is required for RSVP

Stavanger Chapter In-Person
SDP STAVANGER CHAPTER MEETING
Tuesday, November 5, 2024
18:30 - 20:30 | IN-PERSON

Join us at the University of Stavanger for our next in person SDP Stavanger Chapter meeting as our Keynote speaker Steve Begg delves into ""Risks" Attitudes: What are they and why do they matter?"



RSVP/Registration is required to attend this event.



AGENDA:

18:30 - Meeting starts, welcome and Introduction to Keynote
18:45 - Keynote Presentation: Risk Attitudes by Steve Begg
19:30 - Q&A
20:15 - Closing remarks and meeting ends
“"Risks" Attitudes: What are they and why do they matter?”



KEYNOTE SPEAKER: Steve Begg, University of Adelaide



ABSTRACT: Risk attitudes (which are really attitudes towards uncertainty!) describe how we balance out our desire to avoid bad outcomes (given their chance of occurring) versus how much we want good outcomes (given their chance of occurring). They are often mis-understood, and have unintended consequences for decision outcomes. Did you know that you, or your company, can be risk averse even when there is no chance of loss? This talk will clarify what it means to be risk averse, risk-neutral and risk-seeking – and discuss the value implications of these attitudes (and any misunderstanding of them), both personal and business – whether that attitude is implicit, or explicitly chosen. I will describe the concept of a Certainty Equivalent and how it can be used as a simple way to choose between uncertain alternatives and incorporate your risk attitude.

***Registration is required for RSVP

Thanks for your interest and participation in the Denver Chapter of the Society of Decision Professionals.

The agenda is as follows:
6:00 - Networking
6:15 – Uncovering Hidden Biases, Speaker: Iwona Wilson
7:10 – Discussion of Next Meeting, January 2025
7:15-7:30 Adjournment and Networking

SDP HOU Chapter Energy Summit | In-person & Virtual
REGISTRATION IS NOW OPEN!
Wednesday, November 20, 2024
8:00AM - 5:00PM CT

The Houston Chapter of the Society of Decision Professionals warmly welcomes you to join us for our 1 DAY ENERGY SUMMIT.

This event will be held at the Chevron Offices, 1500 Smith Street, Houston, TX.

Visit www.sdphoustondqsummit.com to register