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Bücher Englische Bücher Wissen & Bildung Sozialwissenschaft, Recht, Wirtschaft Wirtschaft Allg. & Lexika Optimal Decisions Under Uncertainty
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Optimal Decisions Under Uncertainty
J.K. Sengupta (Broschiert, Englisch)
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Beschreibung
Understanding the stochastic enviornment is as much important to the manager as to the economist. From production and marketing to financial management, a manager has to assess various costs imposed by uncertainty. The economist analyzes the role of incomplete and too often imperfect information structures on the optimal decisions made by a firm. The need for understanding the role of uncertainty… in quantitative decision models, both in economics and management science provide the basic motivation of this monograph. The stochastic environment is analyzed here in terms of the following specific models of optimization: linear and quadratic models, linear programming, control theory and dynamic programming. Uncertainty is introduced here through the para meters, the constraints, and the objective function and its impact evaluated. Specifically recent developments in applied research are emphasized, so that they can help the decision-maker arrive at a solution which has some desirable charac teristics like robustness, stability and cautiousness. Mathematical treatment is kept at a fairly elementary level and applied as pects are emphasized much more than theory. Moreover, an attempt is made to in corporate the economic theory of uncertainty into the stochastic theory of opera tions research. Methods of optimal decision rules illustrated he re are applicable in three broad areas: (a) applied economic models in resource allocation and economic planning, (b) operations research models involving portfolio analysis and stochastic linear programming and (c) systems science models in stochastic control and adaptive behavior. 53,49 €
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Technische Daten
Erscheinungsdatum
01.01.1985
Sprache
Englisch
EAN
9783540150329
Herausgeber
Springer Berlin
Serien- oder Bandtitel
Universitext
Sonderedition
Nein
Autor
J.K. Sengupta
Seitenanzahl
286
Einbandart
Broschiert
Buch Untertitel
Methods, Models, and Management
Schlagwörter
Decisions, Uncertainty, linear optimization, operations research, optimization, scheduling
Thema-Inhalt
KJT - Unternehmensforschung
KJMD - Management: Entscheidungstheorie
KCA - Wirtschaftstheorie und -philosophie
Höhe
244 mm
Breite
17 cm
Transparenz & Sicherheit
Hersteller: Springer, Europaplatz 3, Heidelberg, Deutschland, 69115, ProductSafety@springernature.com, Springer Nature Customer Service Center GmbH
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