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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Coping with Uncertainty: Modeling and Policy Issues

Coping with Uncertainty: Modeling and Policy Issues

Makowski, Marek
Ermoliev, Yuri
Marti, Kurt

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 581

Business GeneralTechnology & EngineeringGeneral Mathematics

ISBN10: 3540352589
ISBN13: 9783540352587
Publisher: Springer
Published: Sep 21 2006
Pages: 330
Weight: 1.16
Height: 0.77 Width: 6.27 Depth: 9.18
Language: English

Ongoing global changes bring fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge our traditional models and require new concepts and analytical tools. The uncertainty critically dominantes, e.g., the climate change debates. In short, the dilemma is concerned with enormous costs vs. massive uncertainties of potential extreme impacts. Traditional scientific approaches usually rely on real observations and experiments. Yet no sufficient observations exist for new problems, and pure experiments and learning by doing may be very expensive, dangerous, or simply impossible. In addition, available historical observations are contaminated by actions, policies. The complexity of new problems does not allow to achieve enough certainty by increasing the resolution of models or by bringing in more links. Hence, new tools for modeling and management of uncertainty are needed, as given in this book.

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