The Theory and Application of Decision Analysis.
Abstract
Research was conducted in five main areas that were at least partially supported by this contract. The principal topic investigated was information perishing. This research investigates the information acquisition policies for randomly occurring decisions. A randomly occurring decision is a decision that must be made upon the occurrence of a precipitating event that occurs randomly with time. Due to the urgency often associated with this type of decision, it is difficult to obtain fresh information at the time of the decision. Therefore, the available information will be limited to the unfresh (old) information from the past. Since the information becomes outdated and obsolete in time, regular updating of the information is often desirable in order to be prepared for the decision. This contract also partially supported larger research into the areas of hazard decision analysis, crisis decision analysis, decisions that affect the distant future, and influence diagrams. Abstracts of theses completed in these areas are attached in this document.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 31, 1980
- Accession Number
- ADA183130
Entities
People
- Ronald A. Howard
Organizations
- Stanford University