DECISION MAKING UNDER UNCERTAINTY IN COASTAL ZONE MANAGEMENT

Decision making under uncertainty

Decision making under uncertainty

1 Laboratory of Computational Neuroscience, École Polytechnique Fédérale de Lausanne, Lausanne, Switzerland 2 Laboratoire de Recherché en Neuroimagerie, Le Centre Hospitalier Universitaire Vaudois, Lausanne, Switzerland 3 Information Processing and Economic Decision Making, Department of Psychology, Universität Konstanz, Konstanz, Germany 4 Economic Psychology, Department of Psychology, Univers...

Decision Making under Extreme Uncertainty

Beliefs about an unknown distribution can be defined as a measure on the space of probability density functions. This paper (1) characterizes the set of beliefs that satisfy invariance postulates (2) establishes that updating invariant beliefs leads to a posterior distribution with tail asymptotically approaching 1 x(lnx)n . Note to seminar participant at Wharton: Part I of this paper is primar...

Decision Making under Interval Uncertainty

To make a decision, we must find out the user’s preference, and help the user select an alternative which is the best – according to these preferences. Traditional decision theory is based on a simplifying assumption that for each two alternatives, a user can always meaningfully decide which of them is preferable. In reality, often, when the alternatives are close, the user is often unable to s...

Plant-Wide Waste Management. 2. Decision Making under Uncertainty

The synthesis and optimization of plant-wide waste management policies under uncertainty is the subject of this paper. The combinatorial synthesis methodology (Chakraborty, A.; Linninger, A. A. Ind. Eng. Chem. Res. 2002, 41 (18), 4591-4604) was adapted to incorporate variations in the expected waste loads. In its first stage, automatic generation of recovery and treatment flowsheet produces a s...