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Author: Lars Peter Hansen
Publisher: Princeton University Press
ISBN: 0691170975
Category : Business & Economics
Languages : en
Pages : 453
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Book Description
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
Author: Lars Peter Hansen
Publisher: Princeton University Press
ISBN: 0691170975
Category : Business & Economics
Languages : en
Pages : 453
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Book Description
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
Author: Andreas Wagner
Publisher: Princeton University Press
ISBN: 1400849381
Category : Science
Languages : en
Pages : 384
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Book Description
All living things are remarkably complex, yet their DNA is unstable, undergoing countless random mutations over generations. Despite this instability, most animals do not grow two heads or die, plants continue to thrive, and bacteria continue to divide. Robustness and Evolvability in Living Systems tackles this perplexing paradox. The book explores why genetic changes do not cause organisms to fail catastrophically and how evolution shapes organisms' robustness. Andreas Wagner looks at this problem from the ground up, starting with the alphabet of DNA, the genetic code, RNA, and protein molecules, moving on to genetic networks and embryonic development, and working his way up to whole organisms. He then develops an evolutionary explanation for robustness. Wagner shows how evolution by natural selection preferentially finds and favors robust solutions to the problems organisms face in surviving and reproducing. Such robustness, he argues, also enhances the potential for future evolutionary innovation. Wagner also argues that robustness has less to do with organisms having plenty of spare parts (the redundancy theory that has been popular) and more to do with the reality that mutations can change organisms in ways that do not substantively affect their fitness. Unparalleled in its field, this book offers the most detailed analysis available of all facets of robustness within organisms. It will appeal not only to biologists but also to engineers interested in the design of robust systems and to social scientists concerned with robustness in human communities and populations.
Author: Léna Soler
Publisher: Springer Science & Business Media
ISBN: 9400727585
Category : Science
Languages : en
Pages : 377
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Book Description
Mature sciences have been long been characterized in terms of the “successfulness”, “reliability” or “trustworthiness” of their theoretical, experimental or technical accomplishments. Today many philosophers of science talk of “robustness”, often without specifying in a precise way the meaning of this term. This lack of clarity is the cause of frequent misunderstandings, since all these notions, and that of robustness in particular, are connected to fundamental issues, which concern nothing less than the very nature of science and its specificity with respect to other human practices, the nature of rationality and of scientific progress; and science’s claim to be a truth-conducive activity. This book offers for the first time a comprehensive analysis of the problem of robustness, and in general, that of the reliability of science, based on several detailed case studies and on philosophical essays inspired by the so-called practical turn in philosophy of science.
Author: Eric Neumayer
Publisher: Cambridge University Press
ISBN: 1108415393
Category : Business & Economics
Languages : en
Pages : 269
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Book Description
This highly accessible book presents robustness testing as the methodology for conducting quantitative analyses in the presence of model uncertainty.
Author: Vladik Kreinovich
Publisher: Springer
ISBN: 3319507427
Category : Technology & Engineering
Languages : en
Pages : 705
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Book Description
This book presents recent research on robustness in econometrics. Robust data processing techniques – i.e., techniques that yield results minimally affected by outliers – and their applications to real-life economic and financial situations are the main focus of this book. The book also discusses applications of more traditional statistical techniques to econometric problems. Econometrics is a branch of economics that uses mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. In day-by-day data, we often encounter outliers that do not reflect the long-term economic trends, e.g., unexpected and abrupt fluctuations. As such, it is important to develop robust data processing techniques that can accommodate these fluctuations.
Author: Tie Qiu
Publisher: Springer Nature
ISBN: 9811696098
Category : Computers
Languages : en
Pages : 224
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Book Description
The IoT topology defines the way various components communicate with each other within a network. Topologies can vary greatly in terms of security, power consumption, cost, and complexity. Optimizing the IoT topology for different applications and requirements can help to boost the network’s performance and save costs. More importantly, optimizing the topology robustness can ensure security and prevent network failure at the foundation level. In this context, this book examines the optimization schemes for topology robustness in the IoT, helping readers to construct a robustness optimization framework, from self-organizing to intelligent networking. The book provides the relevant theoretical framework and the latest empirical research on robustness optimization of IoT topology. Starting with the self-organization of networks, it gradually moves to genetic evolution. It also discusses the application of neural networks and reinforcement learning to endow the node with self-learning ability to allow intelligent networking. This book is intended for students, practitioners, industry professionals, and researchers who are eager to comprehend the vulnerabilities of IoT topology. It helps them to master the research framework for IoT topology robustness optimization and to build more efficient and reliable IoT topologies in their industry.
Author: Léna Soler
Publisher: Springer Science & Business Media
ISBN: 9400727593
Category : Science
Languages : en
Pages : 377
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Book Description
Mature sciences have been long been characterized in terms of the “successfulness”, “reliability” or “trustworthiness” of their theoretical, experimental or technical accomplishments. Today many philosophers of science talk of “robustness”, often without specifying in a precise way the meaning of this term. This lack of clarity is the cause of frequent misunderstandings, since all these notions, and that of robustness in particular, are connected to fundamental issues, which concern nothing less than the very nature of science and its specificity with respect to other human practices, the nature of rationality and of scientific progress; and science’s claim to be a truth-conducive activity. This book offers for the first time a comprehensive analysis of the problem of robustness, and in general, that of the reliability of science, based on several detailed case studies and on philosophical essays inspired by the so-called practical turn in philosophy of science.
Author: Marija Klopcic
Publisher: BRILL
ISBN: 9086866573
Category : Technology & Engineering
Languages : en
Pages : 281
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Book Description
The past decade has revealed unfavourable trends in e.g. fertility, udder health and locomotion in some major dairy cattle breeds due to a large increase in production and insufficient consideration of functional traits in the breeding goals. Such unfavourable trends in some functional traits increase costs. Additionally, the enlargement of herds leads to less available labour time per individual cow. This asks for cows that are easy to handle. At the same time, society is demanding a higher welfare standard of animals. These contradicting developments have increased the desire for so called more robust animals. Robustness can be defined as 'the ability to maintain homeostasis in commonly accepted and sustainable herds of the near future'; or 'the ability of the cow to function well in the environment she lives in as well as in a wide range of climates and production systems'. This book contains a series of articles (26) dealing with the concept of robustness, including aspects like evolution, genetics, environment, animal health and welfare, and integrity. Besides the major functional traits also the links to energy balance, hot climatic conditions, and the attitude and input of stakeholders towards robustness as part of the breeding program are discussed. This book is the first attempt to summarise the available knowledge concerning this topic in cattle, making this book unique. The contributions are from authors of 16 countries from all over the world. However, the focus is presently on farm animal level, while in future robustness of the whole production system may also require additional attention.
Author: Franz Knoll
Publisher: IABSE
ISBN: 385748120X
Category : Buildings
Languages : en
Pages : 102
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Book Description
Robustness is the ability to survive unforeseen circumstances without undue damage or loss of function. It has become a requirement expressed in modern building codes, mostly without much advice as to how it can be achieved. Engineering has developed some approaches based on traditional practice as well as recent insight. However, knowledge about robustness remains scattered and ambiguous, making it difficult to apply to many specific cases. The author's attempt to collect and review elements, methods and strategies toward structural robustness, using a holistic, almost philosophical approach. This leads to a set of considerations to guide selection and implementation of measures in specific cases, followed by a collection of applications and examples from the authors practice. The world, engineering and construction are imperfect and not entirely predictable. Robustness provides a measure of structural safety beyond traditional codified design rules.
Author: Michael Doumpos
Publisher: Springer
ISBN: 3319331213
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
This book provides a broad coverage of the recent advances in robustness analysis in decision aiding, optimization, and analytics. It offers a comprehensive illustration of the challenges that robustness raises in different operations research and management science (OR/MS) contexts and the methodologies proposed from multiple perspectives. Aside from covering recent methodological developments, this volume also features applications of robust techniques in engineering and management, thus illustrating the robustness issues raised in real-world problems and their resolution within advances in OR/MS methodologies. Robustness analysis seeks to address issues by promoting solutions, which are acceptable under a wide set of hypotheses, assumptions and estimates. In OR/MS, robustness has been mostly viewed in the context of optimization under uncertainty. Several scholars, however, have emphasized the multiple facets of robustness analysis in a broader OR/MS perspective that goes beyond the traditional framework, seeking to cover the decision support nature of OR/MS methodologies as well. As new challenges emerge in a “big-data'” era, where the information volume, speed of flow, and complexity increase rapidly, and analytics play a fundamental role for strategic and operational decision-making at a global level, robustness issues such as the ones covered in this book become more relevant than ever for providing sound decision support through more powerful analytic tools.
