Design Decisions under Uncertainty with Limited Information (Paperback)

Lingua: inglese

Editore: Taylor & Francis Ltd, London, 2017

1138115096 / 9781138115095

Serie: Libro 8 di 13 - Structures and Infrastructures

Da: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail

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Venditore AbeBooks dal 12 ottobre 2005

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Paperback. 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 makers risk tolerance. In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a methodology to model uncertainty and make choices when we have limited information. This methodology must use all available information and rely only on assumptions that are supported by evidence.This book explains theories and tools to represent uncertainty using both data and expert judgment. It teaches the reader how to make design or business decisions when there is limited information with these tools. Readers will learn a structured, risk-based approach, which is based on common sense principles, for design and business decisions. These decisions are consistent with the decision-makers risk attitude.The book is exceptionally suited as educational material because it uses everyday language and real-life examples to elucidate concepts. It demonstrates how these concepts touch our lives through many practical examples, questions and exercises. These are designed to help students learn that first they should understand a problem and then establish a strategy for solving it, instead of using trial-and-error approaches.This volume is intended for undergraduate and graduate courses in mechanical, civil, industrial, aerospace, and ocean engineering and for researchers and professionals in these disciplines. It will also benefit managers and students in business administration who want to make good decisions with limited information. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…

Codice articolo 9781138115095

Titolo
Design Decisions under Uncertainty with Limited Information (Paperback)
Autore
Efstratios Nikolaidis
Editore
Taylor & Francis Ltd, London
Anno di pubblicazione
2017
Condizione
new
Rilegatura
Paperback
Lingua
inglese
ISBN 10
1138115096
ISBN 13
9781138115095
Serie
Libro 8 di 13: Structures and Infrastructures

Grand Eagle Retail

Bensenville, IL, U.S.A.

Venditore con 5 stelle

Venditore AbeBooks dal 12 ottobre 2005

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