Design Decisions under Uncertainty with Limited Information

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Design Decisions under Uncertainty with Limited Information is written by Efstratios Nikolaidis and published by CRC Press. It's available with International Standard Book Number or ISBN identification 0203834984 (ISBN 10) and 9780203834985 (ISBN 13).

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