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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
81Decision Analysis with Multiple Attributes
on its domain. We do not have a lot of freedom with the exponential func-
tion because it uses only one parameter. It still makes sense to assess x
for different values of probabilities and outcomes because then one can
nd the best-t value of R. We will later show this method with a solved
example. If different assessments give drastically different values of R, a
different functional form should be chosen. Polynomials provide a lot of
exibility in assessing different preference structures at different points in
the utility function, but they should be used only as a last resort because
of inst
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Publisher Resources

ISBN: 9781439882320