Decision-Making under Uncertainty: An Applied Statistics Approach - Hardcover

Chacko, George

Hardcover

ISBN 10: 0275935698 ISBN 13: 9780275935696

Verlag: Praeger, 1990

Inhaltsangabe

In real-life decision-making situations it is necessary to make decisions with incomplete information, for oftentimes uncertain results. In Decision-Making Under Uncertainty, Dr. Chacko applies his years of statistical research and experience to the analysis of twenty-four real-life decision-making situations, both those with few data points (eg: Cuban Missile Crisis), and many data points (eg: aspirin for heart attack prevention). These situations encompass decision-making in a variety of business, social and political, physical and biological, and military environments. Though different, all of these have one characteristic in common: their outcomes are uncertain/unkown, and unknowable. Chacko Demonstrates how the decision-maker can reduce uncertainty by choosing probable outcomes using the statistical methods he introduces.

This detailed volume develops standard statistical concepts (t, x2, normal distribution, ANOVA), and the less familiar concepts (logical probability, subjective probability, Bayesian Inference, Penalty for Non-Fulfillment, Bluff-Threats Matrix, etc.). Chacko also offers a thorough discussion of the underlying theoretical principles. The end of each chapter contains a set of questions, three quarters of which focus on concepts, formulation, conclusion, resource commitments, and caveats; only one quarter with computations. Ideal for the practitioner, the work is also designed to serve as the primary text for graduate or advanced undergraduate courses in statistics and decision science.

Über diesen Titel

Über die Autorin bzw. den Autor

GEORGE K. CHACKO is Professor of Systems Science at the University of Southern California and Director of the Doctoral Program in Technology Management at National Chengchi University in Taipei. A member of the World Future Society and Fellow of the American Association for the Advancement of Science and the American Astronautical Society, Dr. Chacko is the author of 39 books, including Technology Management (Praeger, 1988) and Dynamic Program Management (Praeger, 1989).

Details zur Ausgabe

• Verlag: Praeger
• Erscheinungsdatum: 1990
• Sprache: Englisch
• ISBN 10: 0275935698
• ISBN 13: 9780275935696
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 274
• Kontakt zum Hersteller: preigu GmbH & Co. KG; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; Niedersachsen; 49078; Deutschland