Design Decisions under Uncertainty with Limited Information

Released on by Efstratios Nikolaidis
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  • Design Decisions under Uncertainty with Limited Information Book Detail

  • Author : Efstratios Nikolaidis
  • Release Date : 2011-02-18
  • Publisher : CRC Press
  • Genre : Technology & Engineering
  • Pages : 538
  • ISBN 13 : 0203834984
  • File Size : 78,78 MB
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Design Decisions under Uncertainty with Limited Information by Efstratios Nikolaidis PDF Summary

Book Description: Today's business environment involves design decisions with significant uncertainty. To succeed, decision-makers should replace deterministic methods with a risk-based approach that accounts for the decision maker‘s risk tolerance. In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a

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