Decision Making Under Uncertainty And Constraints
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Decision Making Under Uncertainty And Constraints
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Author : Vladik Kreinovich
language : en
Publisher:
Release Date : 2023
Decision Making Under Uncertainty And Constraints written by Vladik Kreinovich and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Decision making categories.
This book shows, on numerous examples, how to make decisions in realistic situations when we have both uncertainty and constraints. In most these situations, the book's emphasis is on the why-question, i.e., on a theoretical explanation for empirical formulas and techniques. Such explanations are important: they help understand why these techniques work well in some cases and not so well in others, and thus, help practitioners decide whether a technique is appropriate for a given situation. Example of applications described in the book ranges from science (biosciences, geosciences, and physics) to electrical and civil engineering, education, psychology and decision making, and religionand, of course, include computer science, AI (in particular, eXplainable AI), and machine learning. The book can be recommended to researchers and students in these application areas. Many of the examples use general techniques that can be used in other application areas as well, so it is also useful for practitioners and researchers in other areas who are looking for possible theoretical explanations of empirical formulas and techniques.
Decision Making Under Uncertainty
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Author : Claude Greengard
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Decision Making Under Uncertainty written by Claude Greengard and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Mathematics categories.
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.
Uncertainty Constraints And Decision Making
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Author : Martine Ceberio
language : en
Publisher: Springer Nature
Release Date : 2023-09-18
Uncertainty Constraints And Decision Making written by Martine Ceberio and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-18 with Technology & Engineering categories.
In the first approximation, decision making is nothing else but an optimization problem: We want to select the best alternative. This description, however, is not fully accurate: it implicitly assumes that we know the exact consequences of each decision, and that, once we have selected a decision, no constraints prevent us from implementing it. In reality, we usually know the consequences with some uncertainty, and there are also numerous constraints that needs to be taken into account. The presence of uncertainty and constraints makes decision making challenging. To resolve these challenges, we need to go beyond simple optimization, we also need to get a good understanding of how the corresponding systems and objects operate, a good understanding of why we observe what we observe – this will help us better predict what will be the consequences of different decisions. All these problems – in relation to different application areas – are the main focus of this book.
What Every Engineer Should Know About Decision Making Under Uncertainty
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Author : John X. Wang
language : en
Publisher: CRC Press
Release Date : 2002-07-01
What Every Engineer Should Know About Decision Making Under Uncertainty written by John X. Wang and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-01 with Technology & Engineering categories.
Covering the prediction of outcomes for engineering decisions through regression analysis, this succinct and practical reference presents statistical reasoning and interpretational techniques to aid in the decision making process when faced with engineering problems. The author emphasizes the use of spreadsheet simulations and decision trees as important tools in the practical application of decision making analyses and models to improve real-world engineering operations. He offers insight into the realities of high-stakes engineering decision making in the investigative and corporate sectors by optimizing engineering decision variables to maximize payoff.
Ecai 2002
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Author : Frank Van Harmelen
language : en
Publisher: IOS Press
Release Date : 2002
Ecai 2002 written by Frank Van Harmelen and has been published by IOS Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Computers categories.
This volume contains the 137 papers accepted for presentation at the 15th European Conference on Artificial Intelligence (ECAI '02), which is organized by the European Co-ordination Committee on Artificial Intelligence.
Optimal Financial Decision Making Under Uncertainty
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Author : Giorgio Consigli
language : en
Publisher: Springer
Release Date : 2016-10-17
Optimal Financial Decision Making Under Uncertainty written by Giorgio Consigli and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-17 with Business & Economics categories.
The scope of this volume is primarily to analyze from different methodological perspectives similar valuation and optimization problems arising in financial applications, aimed at facilitating a theoretical and computational integration between methods largely regarded as alternatives. Increasingly in recent years, financial management problems such as strategic asset allocation, asset-liability management, as well as asset pricing problems, have been presented in the literature adopting formulation and solution approaches rooted in stochastic programming, robust optimization, stochastic dynamic programming (including approximate SDP) methods, as well as policy rule optimization, heuristic approaches and others. The aim of the volume is to facilitate the comprehension of the modeling and methodological potentials of those methods, thus their common assumptions and peculiarities, relying on similar financial problems. The volume will address different valuation problems common in finance related to: asset pricing, optimal portfolio management, risk measurement, risk control and asset-liability management. The volume features chapters of theoretical and practical relevance clarifying recent advances in the associated applied field from different standpoints, relying on similar valuation problems and, as mentioned, facilitating a mutual and beneficial methodological and theoretical knowledge transfer. The distinctive aspects of the volume can be summarized as follows: Strong benchmarking philosophy, with contributors explicitly asked to underline current limits and desirable developments in their areas. Theoretical contributions, aimed at advancing the state-of-the-art in the given domain with a clear potential for applications The inclusion of an algorithmic-computational discussion of issues arising on similar valuation problems across different methods. Variety of applications: rarely is it possible within a single volume to consider and analyze different, and possibly competing, alternative optimization techniques applied to well-identified financial valuation problems. Clear definition of the current state-of-the-art in each methodological and applied area to facilitate future research directions.
Decision Making Under Uncertainty In Electricity Markets
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Author : Antonio J. Conejo
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-09-08
Decision Making Under Uncertainty In Electricity Markets written by Antonio J. Conejo and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-08 with Business & Economics categories.
Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.
Interactive Multiobjective Decision Making Under Uncertainty
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Author : Hitoshi Yano
language : en
Publisher: CRC Press
Release Date : 2017-02-03
Interactive Multiobjective Decision Making Under Uncertainty written by Hitoshi Yano and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-03 with Business & Economics categories.
Recently, many books on multiobjective programming have been published. However, only a few books have been published, in which multiobjective programming under the randomness and the fuzziness are investigated. On the other hand, several books on multilevel programming have been published, in which multiple decision makers are involved in hierarchical decision situations. In this book, we introduce the latest advances in the field of multiobjective programming and multilevel programming under uncertainty. The reader can immediately use proposed methods to solve multiobjective programming and multilevel programming, which are based on linear programming or convex programming technique. Organization of each capter is summarized as follows. In Chapter 2, multiobjective programming problems with random variables are formulated, and the corresponding interactive algorithms are developed to obtain a satisfactory solution, in which the fuzziness of human's subjective judgment for permission levels are considered. In Chapter 3, multiobjective programming problems with fuzzy random variables are formulated, and the corresponding interactive algorithms are developed to obtain a satisfactory solution, in which not only the uncertainty of fuzzy random variables but also the fuzziness of human's subjective judgment for permission levels are considered. In Chapter 4, multiobjective multilevel programming is discussed, and the interactive algorithms are developed to obtain a satisfactory solution, in which the hierarchical decision structure of multiple decision makers is reflected. In Chapter 5, two kinds of farm planning problems are solved by applying the proposed method, in which cost coefficients of crops are expressed by random variables.
Systems Engineering With Economics Probability And Statistics
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Author : C. Jotin Khisty
language : en
Publisher: J. Ross Publishing
Release Date : 2012
Systems Engineering With Economics Probability And Statistics written by C. Jotin Khisty and has been published by J. Ross Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Technology & Engineering categories.
This title offers an overview of the fundamentals and practice applications of probability and statistics, microeconomics, engineering economics, hard and soft systems analysis, and sustainable development and sustainability applications in engineering planning.
Decision Making Under Uncertainty Via Optimization Modelling And Analysis
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Author : Laxminarayan Sahoo
language : en
Publisher: Springer Nature
Release Date : 2025-03-02
Decision Making Under Uncertainty Via Optimization Modelling And Analysis written by Laxminarayan Sahoo and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-02 with Computers categories.
This book focuses on cutting-edge developments in optimal decision-making incorporating modeling and optimization for determining renewable energy sources, supply chain management, and environmental planning under uncertainty. It addresses mathematical models of cost-effective management policies. This book presents the best decision-making practices for solving real-world challenges. This book provides access to an invaluable collection of various decision-making issues that scholars and industry practitioners use as a reference. The readers are able to understand how decision-making problems are formulated under uncertainty and how to use right optimization strategies to fix problems.