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Decision Based Design
book

Decision Based Design

by Vijitashwa Pandey
August 2013
Intermediate to advanced content levelIntermediate to advanced
284 pages
11h 23m
English
CRC Press
Content preview from Decision Based Design
66 Decision Based Design
two-dimensional surface. As the number of variables increase, represent-
ing the optimal decision regions becomes harder. Sensitivity analysis is
therefore done by rst selecting a baseline design. One or two considered
are then considered at a time, while setting other parameters constant, to
evaluate their effect on the optimal decision.
3.6 Certainty Equivalent of a Decision
Many times, one needs to determine how much a decision situation involv-
ing uncertainty is worth in sure amounts. Consider the following examples:
A company intends to acquire a license to implement a patented technology.
It has to pay the licen
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Publisher Resources

ISBN: 9781439882320