Resource allocation under uncertainty (Q801807)
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scientific article; zbMATH DE number 3880433
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Resource allocation under uncertainty |
scientific article; zbMATH DE number 3880433 |
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Resource allocation under uncertainty (English)
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1984
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The article considers the determination of a rational strategy of resource allocation under conditions when the outcome depends on a number of parameters for which only interval estimates are available. Minimax regret is used as the decision criterion. Numerical examples are given illustrating concrete situations.
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decision-making under uncertainty
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resource allocation
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interval estimates
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Minimax regret
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0.9123407
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0.9069696
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0.89699256
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0.8875278
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