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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
Managing Safety of Heterogeneous Systems: Decisions Under Uncertainties and Risks

Managing Safety of Heterogeneous Systems: Decisions Under Uncertainties and Risks

Ermoliev, Yuri
Makowski, Marek
Marti, Kurt

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 658

Business GeneralTechnology & EngineeringProbability & Statistics

ISBN10: 3642228836
ISBN13: 9783642228834
Publisher: Springer
Published: Feb 1 2012
Pages: 378
Weight: 1.24
Height: 0.83 Width: 6.14 Depth: 9.21
Language: English

Managing safety of diverse systems requires decision-making under uncertainties and risks. Such systems are typically characterized by spatio-temporal heterogeneities, inter-dependencies, externalities, endogenous risks, discontinuities, irreversibility, practically irreducible uncertainties, and rare events with catastrophic consequences. Traditional scientific approaches rely on data from real observations and experiments; yet no sufficient observations exist for new problems, and experiments are usually impossible. Therefore, science-based support for addressing such new class of problems needs to replace the traditional deterministic predictions analysis by new methods and tools for designing decisions that are robust against the involved uncertainties and risks. The new methods treat uncertainties explicitly by using synthetic information derived by integration of hard elements, including available data, results of possible experiments, and formal representations of scientific facts, with soft elements based on diverse representations of scenarios and opinions of public, stakeholders, and experts. The volume presents such effective new methods, and illustrates their applications in different problem areas, including engineering, economy, finance, agriculture, environment, and policy making.

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