Design Decisions under Uncertainty with Limited Information
| Author | : Efstratios Nikolaidis |
| Publisher | : CRC Press |
| Total Pages | : 538 |
| Release | : 2011-02-18 |
| ISBN-10 | : 9780203834985 |
| ISBN-13 | : 0203834984 |
| Rating | : 4/5 (984 Downloads) |
Book Synopsis Design Decisions under Uncertainty with Limited Information by : Efstratios Nikolaidis
Download or read book Design Decisions under Uncertainty with Limited Information written by Efstratios Nikolaidis and published by CRC Press. This book was released on 2011-02-18 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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