Decision Making Under Uncertainty

Name: Decision Making Under Uncertainty
SKU: 8938754
Price: 268.99 AUD
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Energy and Power

Format:

Paperback / softback

Series:

The IMA Volumes in Mathematics and Its Applications

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Description

In the ideal world, major decisions would be made based on complete and reliable information available to the decision maker. We live in a world of uncertainties, and decisions must be made from information which may be incomplete and may contain uncertainty. The key mathematical question addressed in this volume is "how to make decision in the presence of quantifiable uncertainty." The volume contains articles on model problems of decision making process in the energy and power industry when the available information is noisy and/or incomplete. The major tools used in studying these problems are mathematical modeling and optimization techniques; especially stochastic optimization. These articles are meant to provide an insight into this rapidly developing field, which lies in the intersection of applied statistics, probability, operations research, and economic theory. It is hoped that the present volume will provide entry to newcomers into the field, and stimulation for further research.

Release date Australia

December 3rd, 2010

Audience

Professional & Vocational

Contributors

Edited by Andrzej Ruszczynski
Edited by Claude Greengard

Edition

Softcover reprint of the original 1st ed. 2002

Illustrations

X, 164 p.

Pages

164

Series

The IMA Volumes in Mathematics and Its Applications

Dimensions

156x234x9

ISBN-13

9781441930149

Product ID

8938754

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