Uncertainty, constraints, and decision making / Martine Ceberio, Vladik Kreinovich, editors.

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, n...

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Bibliographic Details
Online Access: Full Text (via Springer)
Other Authors: Ceberio, Martine (Editor), Kreinovich, Vladik (Editor)
Format: Electronic eBook
Language:English
Published: Cham, Switzerland : Springer, [2023]
Series:Studies in systems, decision and control ; v. 484.
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Summary: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.
Physical Description:1 online resource (xii, 466 pages) : illustrations.
Bibliography:Includes bibliographical references.
ISBN:9783031363948
3031363949