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- W1567835082 abstract "This chapter first describes the formalization of decision trees. Then, it considers the attitude toward risk. Much theory concerning random variables revolves around expected values. The chapter introduces concepts related to utility theory and risk measures. It also considers the extension of optimization models, namely, linear programming models, to decision making under risk. Further, the chapter considers two-stage stochastic linear programming, which is extended to the multistage case. Finally, the chapter outlines some further developments related to robustness and regret. Controlled Vocabulary Terms expected value; random variables" @default.
- W1567835082 created "2016-06-24" @default.
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- W1567835082 date "2011-04-04" @default.
- W1567835082 modified "2023-09-23" @default.
- W1567835082 title "Decision Making Under Risk" @default.
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- W1567835082 doi "https://doi.org/10.1002/9781118023525.ch13" @default.
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