Paper Info
Title
Decision-Making Under Uncertainty With Various Assumptions About Available Information
Abstract
Six different varieties of methodology are surveyed for choosing one of a fixed number of alternative actions in the context of uncertainty. Within this context a fixed number of possible states of the world can actually hold, where the outcome of each alternative action is dependent on the state of the world. The six approaches differ from each other primarily in their assumptions about the quality and quantity of information that is available regarding: the relative possibility or likelihood of the various states of the world, and the relative utility of the various outcomes defined by (action, state) pairs. The six approaches are illustrated using a single example. Finally, the prospects for an integrated approach to decision support that is sensitive to the quality and quantity of information are discussed, and some fruitful areas for further research are suggested.
Year
DOI
Venue
1984
10.1109/TSMC.1984.6313316
IEEE TRANSACTIONS ON SYSTEMS MAN AND CYBERNETICS
Keywords
Field
DocType
management science,decision theory
Decision rule,Econometrics,Decision analysis,Mathematical optimization,Optimal decision,Computer science,Decision support system,Expected value of including uncertainty,Decision field theory,Evidential reasoning approach,Decision engineering,Management science
Journal
Volume
Issue
ISSN
14
6
0018-9472
Citations 
PageRank 
References 
34
6.43
0
Authors
1
Name
Order
Citations
PageRank
Thomas Whalen111532.39