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Decision Making Under Uncertainty - Energy and Power (Paperback, Softcover reprint of the original 1st ed. 2002)
Loot Price: R2,754
Discovery Miles 27 540
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Decision Making Under Uncertainty - Energy and Power (Paperback, Softcover reprint of the original 1st ed. 2002)
Series: The IMA Volumes in Mathematics and its Applications, 128
Expected to ship within 10 - 15 working days
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In the ideal world, major decisions would be made based on complete
and reliable information available to the decision maker. We live
in a world of uncertainties, and decisions must be made from
information which may be incomplete and may contain uncertainty.
The key mathematical question addressed in this volume is "how to
make decision in the presence of quantifiable uncertainty." The
volume contains articles on model problems of decision making
process in the energy and power industry when the available
information is noisy and/or incomplete. The major tools used in
studying these problems are mathematical modeling and optimization
techniques; especially stochastic optimization. These articles are
meant to provide an insight into this rapidly developing field,
which lies in the intersection of applied statistics, probability,
operations research, and economic theory. It is hoped that the
present volume will provide entry to newcomers into the field, and
stimulation for further research.
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