Fuzzy Engineering Economics with Applications

Fuzzy Engineering Economics with Applications PDF Author: Cengiz Kahraman
Publisher: Springer Science & Business Media
ISBN: 354070809X
Category : Mathematics
Languages : en
Pages : 389

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Book Description
Fuzzy set approaches are suitable to use when the modeling of human knowledge is necessary and when human evaluations are needed. Fuzzy set theory is recognized as an important problem modeling and solution technique. It has been studied ext- sively over the past 40 years. Most of the early interest in fuzzy set theory pertained to representing uncertainty in human cognitive processes. Fuzzy set theory is now - plied to problems in engineering, business, medical and related health sciences, and the natural sciences. This book handles the fuzzy cases of classical engineering e- nomics topics. It contains 15 original research and application chapters including different topics of fuzzy engineering economics. When no probabilities are available for states of nature, decisions are given under uncertainty. Fuzzy sets are a good tool for the operation research analyst facing unc- tainty and subjectivity. The main purpose of the first chapter is to present the role and importance of fuzzy sets in the economic decision making problem with the literature review of the most recent advances.

Fuzzy Engineering Economics with Applications

Fuzzy Engineering Economics with Applications PDF Author: Cengiz Kahraman
Publisher: Springer Science & Business Media
ISBN: 354070809X
Category : Mathematics
Languages : en
Pages : 389

Get Book Here

Book Description
Fuzzy set approaches are suitable to use when the modeling of human knowledge is necessary and when human evaluations are needed. Fuzzy set theory is recognized as an important problem modeling and solution technique. It has been studied ext- sively over the past 40 years. Most of the early interest in fuzzy set theory pertained to representing uncertainty in human cognitive processes. Fuzzy set theory is now - plied to problems in engineering, business, medical and related health sciences, and the natural sciences. This book handles the fuzzy cases of classical engineering e- nomics topics. It contains 15 original research and application chapters including different topics of fuzzy engineering economics. When no probabilities are available for states of nature, decisions are given under uncertainty. Fuzzy sets are a good tool for the operation research analyst facing unc- tainty and subjectivity. The main purpose of the first chapter is to present the role and importance of fuzzy sets in the economic decision making problem with the literature review of the most recent advances.

Recent Applications in Quantitative Methods and Information Technology (UUM Press)

Recent Applications in Quantitative Methods and Information Technology (UUM Press) PDF Author: Nazrina Aziz
Publisher: UUM Press
ISBN: 9672210264
Category : Science
Languages : en
Pages : 107

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Book Description
This book is a guide for researchers who are involved in statistical, mathematical, information technology and decision science analyses. The purpose of the book is to allow readers to get research ideas on a wide range of topics, such as sampling plans, capital budgeting, completion time in production line, searching pattern for mobile cache replacement policy, home security system with biometric finger print and web service technology. The analyses in each chapter are explained in detail with samples of real applications in daily life to assist readers to appreciate theoretical, algorithm and mathematical formulations. Prior to reading this book, readers are advised to have some basic foundation in statistical sampling, tabu search approach, neural network, algorithms, and mathematical formulation. This book will be beneficial to students and researchers who are looking for research topic of the research and how problems can be solved using an applied method.

Computer & Control Abstracts

Computer & Control Abstracts PDF Author:
Publisher:
ISBN:
Category : Automatic control
Languages : en
Pages :

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Book Description


Business Periodicals Index

Business Periodicals Index PDF Author:
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 2838

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Book Description


Robust Optimization

Robust Optimization PDF Author: Aharon Ben-Tal
Publisher: Princeton University Press
ISBN: 1400831059
Category : Mathematics
Languages : en
Pages : 565

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Book Description
Robust optimization is still a relatively new approach to optimization problems affected by uncertainty, but it has already proved so useful in real applications that it is difficult to tackle such problems today without considering this powerful methodology. Written by the principal developers of robust optimization, and describing the main achievements of a decade of research, this is the first book to provide a comprehensive and up-to-date account of the subject. Robust optimization is designed to meet some major challenges associated with uncertainty-affected optimization problems: to operate under lack of full information on the nature of uncertainty; to model the problem in a form that can be solved efficiently; and to provide guarantees about the performance of the solution. The book starts with a relatively simple treatment of uncertain linear programming, proceeding with a deep analysis of the interconnections between the construction of appropriate uncertainty sets and the classical chance constraints (probabilistic) approach. It then develops the robust optimization theory for uncertain conic quadratic and semidefinite optimization problems and dynamic (multistage) problems. The theory is supported by numerous examples and computational illustrations. An essential book for anyone working on optimization and decision making under uncertainty, Robust Optimization also makes an ideal graduate textbook on the subject.

Confronting Climate Uncertainty in Water Resources Planning and Project Design

Confronting Climate Uncertainty in Water Resources Planning and Project Design PDF Author: Patrick A. Ray
Publisher: World Bank Publications
ISBN: 1464804788
Category : Business & Economics
Languages : en
Pages : 149

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Book Description
Confronting Climate Uncertainty in Water Resources Planning and Project Design describes an approach to facing two fundamental and unavoidable issues brought about by climate change uncertainty in water resources planning and project design. The first is a risk assessment problem. The second relates to risk management. This book provides background on the risks relevant in water systems planning, the different approaches to scenario definition in water system planning, and an introduction to the decision-scaling methodology upon which the decision tree is based. The decision tree is described as a scientifically defensible, repeatable, direct and clear method for demonstrating the robustness of a project to climate change. While applicable to all water resources projects, it allocates effort to projects in a way that is consistent with their potential sensitivity to climate risk. The process was designed to be hierarchical, with different stages or phases of analysis triggered based on the findings of the previous phase. An application example is provided followed by a descriptions of some of the tools available for decision making under uncertainty and methods available for climate risk management. The tool was designed for the World Bank but can be applicable in other scenarios where similar challenges arise.

Capital Budgeting

Capital Budgeting PDF Author: Pamela P. Peterson
Publisher: John Wiley & Sons
ISBN: 0471446424
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
Capital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques. Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of: Classifying capital budgeting proposals Determining the relevant cash flows for capital budgeting proposals Assessing the economic value of a capital budgeting proposal using different techniques Incorporating risk into the capital budgeting decision Evaluating whether to lease or borrow-to-buy Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will allow you to handle one of the most important aspects of your firm's financial management. Advanced enough for practitioners yet accessible enough for the novice, Capital Budgeting: Theory and Practice is your complete guide to understanding and benefiting from the essential techniques of capital budgeting.

Handbook of Combinatorial Optimization

Handbook of Combinatorial Optimization PDF Author: Ding-Zhu Du
Publisher: Springer Science & Business Media
ISBN: 0387238301
Category : Business & Economics
Languages : en
Pages : 395

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Book Description
This is a supplementary volume to the major three-volume Handbook of Combinatorial Optimization set. It can also be regarded as a stand-alone volume presenting chapters dealing with various aspects of the subject in a self-contained way.

Robust Discrete Optimization and Its Applications

Robust Discrete Optimization and Its Applications PDF Author: Panos Kouvelis
Publisher: Springer Science & Business Media
ISBN: 1475726201
Category : Mathematics
Languages : en
Pages : 373

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Book Description
This book deals with decision making in environments of significant data un certainty, with particular emphasis on operations and production management applications. For such environments, we suggest the use of the robustness ap proach to decision making, which assumes inadequate knowledge of the decision maker about the random state of nature and develops a decision that hedges against the worst contingency that may arise. The main motivating factors for a decision maker to use the robustness approach are: • It does not ignore uncertainty and takes a proactive step in response to the fact that forecasted values of uncertain parameters will not occur in most environments; • It applies to decisions of unique, non-repetitive nature, which are common in many fast and dynamically changing environments; • It accounts for the risk averse nature of decision makers; and • It recognizes that even though decision environments are fraught with data uncertainties, decisions are evaluated ex post with the realized data. For all of the above reasons, robust decisions are dear to the heart of opera tional decision makers. This book takes a giant first step in presenting decision support tools and solution methods for generating robust decisions in a variety of interesting application environments. Robust Discrete Optimization is a comprehensive mathematical programming framework for robust decision making.

Basic Methods of Policy Analysis and Planning

Basic Methods of Policy Analysis and Planning PDF Author: Carl Patton
Publisher: Routledge
ISBN: 1317350006
Category : Political Science
Languages : en
Pages : 481

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Book Description
Updated in its 3rd edition, Basic Methods of Policy Analysis and Planning presents quickly applied methods for analyzing and resolving planning and policy issues at state, regional, and urban levels. Divided into two parts, Methods which presents quick methods in nine chapters and is organized around the steps in the policy analysis process, and Cases which presents seven policy cases, ranging in degree of complexity, the text provides readers with the resources they need for effective policy planning and analysis. Quantitative and qualitative methods are systematically combined to address policy dilemmas and urban planning problems. Readers and analysts utilizing this text gain comprehensive skills and background needed to impact public policy.