Objectives and Multi-Objective Decision Making Under Uncertainty
Author: J. Wilhelm
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 118
ISBN-13: 3642463266
DOWNLOAD EBOOKRead and Download eBook Full
Author: J. Wilhelm
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 118
ISBN-13: 3642463266
DOWNLOAD EBOOKAuthor: Lifei Cheng
Publisher:
Published: 2003
Total Pages: 243
ISBN-13:
DOWNLOAD EBOOKAuthor: Clinton W. Brownley
Publisher: Business Expert Press
Published: 2013-03-28
Total Pages: 167
ISBN-13: 1606494538
DOWNLOAD EBOOKWhether managing strategy, operations or products, knowing how to make the best decision in a complex, uncertain business environment is difficult. You might be faced with multiple, competing objectives, which means making trade-offs. To complicate matters, any uncertainty makes it hard to explicitly understand how different objectives will impact potential outcomes. This book will help you face these problems. It provides a decision analysis framework implemented as a simple spreadsheet tool. This multi-objective decision analysis framework helps you to measure trade-offs among objectives and incorporate uncertainties and risk preferences. With this book, you will be able to identify what information is needed to make a decision, define how that information should be combined, and, finally, provide quantifiable evidence to clearly communicate and justify the decision. The process involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. This process makes decision making more efficient by focusing only on information and factors that are well-defined, measureable, and relevant to the decision at hand. The framework requires clear characterization of a decision, ensuring that it can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can consistently make better decisions to gain competitive and strategic advantage.
Author: Ali E. Abbas
Publisher: Cambridge University Press
Published: 2017-11-02
Total Pages: 787
ISBN-13: 1107161886
DOWNLOAD EBOOKAre we safer from terrorism today and is our homeland security money well spent? This book offers answers and more.
Author: Diederik M. Zhou
Publisher: Springer Nature
Published: 2022-05-31
Total Pages: 111
ISBN-13: 3031015762
DOWNLOAD EBOOKMany real-world decision problems have multiple objectives. For example, when choosing a medical treatment plan, we want to maximize the efficacy of the treatment, but also minimize the side effects. These objectives typically conflict, e.g., we can often increase the efficacy of the treatment, but at the cost of more severe side effects. In this book, we outline how to deal with multiple objectives in decision-theoretic planning and reinforcement learning algorithms. To illustrate this, we employ the popular problem classes of multi-objective Markov decision processes (MOMDPs) and multi-objective coordination graphs (MO-CoGs). First, we discuss different use cases for multi-objective decision making, and why they often necessitate explicitly multi-objective algorithms. We advocate a utility-based approach to multi-objective decision making, i.e., that what constitutes an optimal solution to a multi-objective decision problem should be derived from the available information about user utility. We show how different assumptions about user utility and what types of policies are allowed lead to different solution concepts, which we outline in a taxonomy of multi-objective decision problems. Second, we show how to create new methods for multi-objective decision making using existing single-objective methods as a basis. Focusing on planning, we describe two ways to creating multi-objective algorithms: in the inner loop approach, the inner workings of a single-objective method are adapted to work with multi-objective solution concepts; in the outer loop approach, a wrapper is created around a single-objective method that solves the multi-objective problem as a series of single-objective problems. After discussing the creation of such methods for the planning setting, we discuss how these approaches apply to the learning setting. Next, we discuss three promising application domains for multi-objective decision making algorithms: energy, health, and infrastructure and transportation. Finally, we conclude by outlining important open problems and promising future directions.
Author: Jochen Wilhelm
Publisher: Springer
Published: 1975
Total Pages: 0
ISBN-13: 9780387074122
DOWNLOAD EBOOKAuthor: Vira Chankong
Publisher: Courier Dover Publications
Published: 2008-02-04
Total Pages: 430
ISBN-13: 0486462897
DOWNLOAD EBOOKThis first-rate text explores the theory and methodology of systems engineering in evaluating alternative courses of action and associated decision-making policies. It treats criteria as multidimensional, rather than scalar, in the development of normative theories. These contribute to a behavioral theory of decision making and provide guidance for exercising judgment. An introductory discussion of the systemic approach to judgment and decision is followed by explorations of psychological value measurements, utility, classical decision analysis, and vector optimization theory. The second section chiefly deals with methods of assessing and evaluating alternatives, including both noninteractive and interactive methods. A taxonomy and a comparative evaluation of methods conclude the text.
Author: Ralph L. Keeney
Publisher: Cambridge University Press
Published: 1993-07
Total Pages: 596
ISBN-13: 9780521438834
DOWNLOAD EBOOKThis book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.
Author: Mohammad Yazdi
Publisher: Springer Nature
Published:
Total Pages: 274
ISBN-13: 3031517199
DOWNLOAD EBOOKAuthor: Volker H. Hoffmann
Publisher:
Published: 2001
Total Pages: 200
ISBN-13: 9783906734217
DOWNLOAD EBOOK