Design Decisions under Uncertainty with Limited Information
Structures and Infrastructures Book Series, Vol. 7| By: | Efstratios Nikolaidis; Zissimos P. Mourelatos; Vijitashwa Pandey |
| Publisher: | Taylor & Francis |
| Print ISBN: | 9781138115095 |
| eText ISBN: | 9781136853289 |
| Edition: | 1 |
| Copyright: | 2011 |
| Format: | Reflowable |
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Table of Contents
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