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Uncertainty, Constraints, and Decision Making

Uncertainty, Constraints, and Decision Making

Hardcover

Series: Studies in Systems, Decision and Control, Book 484

Technology & Engineering

ISBN10: 3031363930
ISBN13: 9783031363931
Publisher: Springer
Published: Sep 19 2023
Pages: 466
Weight: 1.86
Height: 1.06 Width: 6.14 Depth: 9.21
Language: English


In the first approximation, decision making is nothing else but an optimization problem: We want to select the best alternative. This description, however, is not fully accurate: it implicitly assumes that we know the exact consequences of each decision, and that, once we have selected a decision, no constraints prevent us from implementing it. In reality, we usually know the consequences with some uncertainty, and there are also numerous constraints that needs to be taken into account. The presence of uncertainty and constraints makes decision making challenging. To resolve these challenges, we need to go beyond simple optimization, we also need to get a good understanding of how the corresponding systems and objects operate, a good understanding of why we observe what we observe - this will help us better predict what will be the consequences of different decisions. All these problems - in relation to different application areas - are the main focus of this book.

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