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Value of Information and flexibility: Making Decisions Under Uncertainties

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Value of Information and Flexibility: Making Decisions Under Uncertainties - Vilela, Martin J., and Oluyemi, Gbenga  F.
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This book presents a consistent methodology for making decisions under uncertain conditions, as is almost always the case. Tools such as value of information and value of flexibility are explored as a means to make more complex and nuanced decisions. The book develops the complete formalism for assessing the value of acquiring information with two novel approaches. Firstly, it integrates the fuzzy characteristics of data, and secondly develops a methodology for assessing data acquisition actions that optimize the value of ...

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Value of Information and Flexibility: Making Decisions Under Uncertainties 2022, Springer Nature Switzerland AG, Cham

ISBN-13: 9783030869915

Paperback

Value of Information and Flexibility: Making Decisions Under Uncertainties 2021, Springer Nature Switzerland AG, Cham

ISBN-13: 9783030869885

Hardcover