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Full-Text Articles in Physical Sciences and Mathematics
Decision Making Under Interval Uncertainty: What Can And What Cannot Be Computed In Linear Time And In Real Time, Olga Kosheleva, Vladik Kreinovich
Decision Making Under Interval Uncertainty: What Can And What Cannot Be Computed In Linear Time And In Real Time, Olga Kosheleva, Vladik Kreinovich
Departmental Technical Reports (CS)
In engineering, we constantly need to make decisions: which design to select, which parameters to select for this design, etc.
The traditional approach to decision making is based on the assumption that we know all possible consequences of each alternative, and we know the probability of each such consequence. Under this assumption, we can describe a rational decision-making process: to each possible consequence, we assign a numerical values called its utility, and we select the alternative for which the expected value of the utility is the largest.
An important advantage of this approach is that it can be performed in …