The Management of Uncertainty: Approaches, Methods and Applications

The Management of Uncertainty: Approaches, Methods and Applications

Author: Luc Wilkin

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 294

ISBN-13: 9400944586

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For thirty years, the literature on decision-making and planning has been divided into two camps : work premised on rational models of choice and work designed to discredit such models. The sustained critic of fully rational decision-making theories has al ready a long history and a constant message to deliver : in practice, consequential decision-making hardly fulfills the canons of perfect rationality. There is also evidence that decision-making and planning are not unitary processes. Although the concept of "decision-making" connotes the idea of a single process, making a single choice involves a complex of processing tasks : structuring the problem, finding alternatives worth considering, deciding what information is relevant, assessing various consequences, and a variety of others. The aim of this volume is to bring together and try to inter relate some of the concepts and relevant knowledge from various disciplines concerned with one important aspect of this complex process : the management of uncertainty. It is hardly necessary to reiterate the case made by numerous authors about our changing and increasingly uncertain world. Suffice it to say here that it is uncertainty about the future, and in many cases about the past and the present also, which makes decision-making and planning so difficul t. The management of uncertainty may be defined as the way in which uncertainty is treated and processed in decision-making.


Book Synopsis The Management of Uncertainty: Approaches, Methods and Applications by : Luc Wilkin

Download or read book The Management of Uncertainty: Approaches, Methods and Applications written by Luc Wilkin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: For thirty years, the literature on decision-making and planning has been divided into two camps : work premised on rational models of choice and work designed to discredit such models. The sustained critic of fully rational decision-making theories has al ready a long history and a constant message to deliver : in practice, consequential decision-making hardly fulfills the canons of perfect rationality. There is also evidence that decision-making and planning are not unitary processes. Although the concept of "decision-making" connotes the idea of a single process, making a single choice involves a complex of processing tasks : structuring the problem, finding alternatives worth considering, deciding what information is relevant, assessing various consequences, and a variety of others. The aim of this volume is to bring together and try to inter relate some of the concepts and relevant knowledge from various disciplines concerned with one important aspect of this complex process : the management of uncertainty. It is hardly necessary to reiterate the case made by numerous authors about our changing and increasingly uncertain world. Suffice it to say here that it is uncertainty about the future, and in many cases about the past and the present also, which makes decision-making and planning so difficul t. The management of uncertainty may be defined as the way in which uncertainty is treated and processed in decision-making.


The management of uncertainty : approaches, methods and applications

The management of uncertainty : approaches, methods and applications

Author: Luc Wilkin

Publisher:

Published: 1986

Total Pages: 285

ISBN-13: 9789024726882

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Book Synopsis The management of uncertainty : approaches, methods and applications by : Luc Wilkin

Download or read book The management of uncertainty : approaches, methods and applications written by Luc Wilkin and published by . This book was released on 1986 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Management of Uncertainty

The Management of Uncertainty

Author: Alan Sutton

Publisher:

Published: 1986

Total Pages: 285

ISBN-13: 9789024726882

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Book Synopsis The Management of Uncertainty by : Alan Sutton

Download or read book The Management of Uncertainty written by Alan Sutton and published by . This book was released on 1986 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The management of uncertainty: approaches, methods and applications

The management of uncertainty: approaches, methods and applications

Author:

Publisher:

Published: 1986

Total Pages: 285

ISBN-13: 9789024726882

DOWNLOAD EBOOK


Book Synopsis The management of uncertainty: approaches, methods and applications by :

Download or read book The management of uncertainty: approaches, methods and applications written by and published by . This book was released on 1986 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Management of Uncertainty

Management of Uncertainty

Author: Gudela Grote

Publisher: Springer Science & Business Media

Published: 2009-09-17

Total Pages: 199

ISBN-13: 1848823738

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As I write, the financial systems of the world are collapsing with still no clear indication of what the consequences will be and which measures should be taken to avoid such a crisis in the future. There seems to be agreement though, that the financial instruments introduced in the past few decades entailed far too much complexity and uncertainty and that there was too little regulatory control over the use of these instruments. Management of uncertainty with the aim of achieving self-control is the core concern of this book. It was not written with a focus on financial systems, but many concepts developed in this book are applicable to this field as well. The - neric principles of reducing, maintaining or increasing uncertainties in view of the different contingencies an organization is faced with, the fundamental issue of how much control is possible and who should be in control, and the question of how much and what kind of regulation is necessary with the overall aim of finding an appropriate balance between system stability and flexibility are at the centre of heated debates on the future of finance.


Book Synopsis Management of Uncertainty by : Gudela Grote

Download or read book Management of Uncertainty written by Gudela Grote and published by Springer Science & Business Media. This book was released on 2009-09-17 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: As I write, the financial systems of the world are collapsing with still no clear indication of what the consequences will be and which measures should be taken to avoid such a crisis in the future. There seems to be agreement though, that the financial instruments introduced in the past few decades entailed far too much complexity and uncertainty and that there was too little regulatory control over the use of these instruments. Management of uncertainty with the aim of achieving self-control is the core concern of this book. It was not written with a focus on financial systems, but many concepts developed in this book are applicable to this field as well. The - neric principles of reducing, maintaining or increasing uncertainties in view of the different contingencies an organization is faced with, the fundamental issue of how much control is possible and who should be in control, and the question of how much and what kind of regulation is necessary with the overall aim of finding an appropriate balance between system stability and flexibility are at the centre of heated debates on the future of finance.


Uncertainty in Risk Assessment

Uncertainty in Risk Assessment

Author: Terje Aven

Publisher: John Wiley & Sons

Published: 2013-12-17

Total Pages: 152

ISBN-13: 1118763068

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Explores methods for the representation and treatment of uncertainty in risk assessment In providing guidance for practical decision-making situations concerning high-consequence technologies (e.g., nuclear, oil and gas, transport, etc.), the theories and methods studied in Uncertainty in Risk Assessment have wide-ranging applications from engineering and medicine to environmental impacts and natural disasters, security, and financial risk management. The main focus, however, is on engineering applications. While requiring some fundamental background in risk assessment, as well as a basic knowledge of probability theory and statistics, Uncertainty in Risk Assessment can be read profitably by a broad audience of professionals in the field, including researchers and graduate students on courses within risk analysis, statistics, engineering, and the physical sciences. Uncertainty in Risk Assessment: Illustrates the need for seeing beyond probability to represent uncertainties in risk assessment contexts. Provides simple explanations (supported by straightforward numerical examples) of the meaning of different types of probabilities, including interval probabilities, and the fundamentals of possibility theory and evidence theory. Offers guidance on when to use probability and when to use an alternative representation of uncertainty. Presents and discusses methods for the representation and characterization of uncertainty in risk assessment. Uses examples to clearly illustrate ideas and concepts.


Book Synopsis Uncertainty in Risk Assessment by : Terje Aven

Download or read book Uncertainty in Risk Assessment written by Terje Aven and published by John Wiley & Sons. This book was released on 2013-12-17 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores methods for the representation and treatment of uncertainty in risk assessment In providing guidance for practical decision-making situations concerning high-consequence technologies (e.g., nuclear, oil and gas, transport, etc.), the theories and methods studied in Uncertainty in Risk Assessment have wide-ranging applications from engineering and medicine to environmental impacts and natural disasters, security, and financial risk management. The main focus, however, is on engineering applications. While requiring some fundamental background in risk assessment, as well as a basic knowledge of probability theory and statistics, Uncertainty in Risk Assessment can be read profitably by a broad audience of professionals in the field, including researchers and graduate students on courses within risk analysis, statistics, engineering, and the physical sciences. Uncertainty in Risk Assessment: Illustrates the need for seeing beyond probability to represent uncertainties in risk assessment contexts. Provides simple explanations (supported by straightforward numerical examples) of the meaning of different types of probabilities, including interval probabilities, and the fundamentals of possibility theory and evidence theory. Offers guidance on when to use probability and when to use an alternative representation of uncertainty. Presents and discusses methods for the representation and characterization of uncertainty in risk assessment. Uses examples to clearly illustrate ideas and concepts.


Applications of Uncertainty Formalisms

Applications of Uncertainty Formalisms

Author: Anthony Hunter

Publisher: Springer

Published: 2003-06-29

Total Pages: 474

ISBN-13: 354049426X

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An introductory review of uncertainty formalisms by the volume editors begins the volume. The first main part of the book introduces some of the general problems dealt with in research. The second part is devoted to case studies; each presentation in this category has a well-delineated application problem and an analyzed solution based on an uncertainty formalism. The final part reports on developments of uncertainty formalisms and supporting technology, such as automated reasoning systems, that are vital to making these formalisms applicable. The book ends with a useful subject index. There is considerable synergy between the papers presented. The representative collection of case studies and associated techniques make the volume a particularly coherent and valuable resource. It will be indispensable reading for researchers and professionals interested in the application of uncertainty formalisms as well as for newcomers to the topic.


Book Synopsis Applications of Uncertainty Formalisms by : Anthony Hunter

Download or read book Applications of Uncertainty Formalisms written by Anthony Hunter and published by Springer. This book was released on 2003-06-29 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introductory review of uncertainty formalisms by the volume editors begins the volume. The first main part of the book introduces some of the general problems dealt with in research. The second part is devoted to case studies; each presentation in this category has a well-delineated application problem and an analyzed solution based on an uncertainty formalism. The final part reports on developments of uncertainty formalisms and supporting technology, such as automated reasoning systems, that are vital to making these formalisms applicable. The book ends with a useful subject index. There is considerable synergy between the papers presented. The representative collection of case studies and associated techniques make the volume a particularly coherent and valuable resource. It will be indispensable reading for researchers and professionals interested in the application of uncertainty formalisms as well as for newcomers to the topic.


Uncertainty Management in Simulation-Optimization of Complex Systems

Uncertainty Management in Simulation-Optimization of Complex Systems

Author: Gabriella Dellino

Publisher: Springer

Published: 2015-06-29

Total Pages: 282

ISBN-13: 1489975470

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​This book aims at illustrating strategies to account for uncertainty in complex systems described by computer simulations. When optimizing the performances of these systems, accounting or neglecting uncertainty may lead to completely different results; therefore, uncertainty management is a major issues in simulation-optimization. Because of its wide field of applications, simulation-optimization issues have been addressed by different communities with different methods, and from slightly different perspectives. Alternative approaches have been developed, also depending on the application context, without any well-established method clearly outperforming the others. This editorial project brings together — as chapter contributors — researchers from different (though interrelated) areas; namely, statistical methods, experimental design, stochastic programming, global optimization, metamodeling, and design and analysis of computer simulation experiments. Editors’ goal is to take advantage of such a multidisciplinary environment, to offer to the readers a much deeper understanding of the commonalities and differences of the various approaches to simulation-based optimization, especially in uncertain environments. Editors aim to offer a bibliographic reference on the topic, enabling interested readers to learn about the state-of-the-art in this research area, also accounting for potential real-world applications to improve also the state-of-the-practice. Besides researchers and scientists of the field, the primary audience for the proposed book includes PhD students, academic teachers, as well as practitioners and professionals. Each of these categories of potential readers present adequate channels for marketing actions, e.g. scientific, academic or professional societies, internet-based communities, and authors or buyers of related publications.​


Book Synopsis Uncertainty Management in Simulation-Optimization of Complex Systems by : Gabriella Dellino

Download or read book Uncertainty Management in Simulation-Optimization of Complex Systems written by Gabriella Dellino and published by Springer. This book was released on 2015-06-29 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​This book aims at illustrating strategies to account for uncertainty in complex systems described by computer simulations. When optimizing the performances of these systems, accounting or neglecting uncertainty may lead to completely different results; therefore, uncertainty management is a major issues in simulation-optimization. Because of its wide field of applications, simulation-optimization issues have been addressed by different communities with different methods, and from slightly different perspectives. Alternative approaches have been developed, also depending on the application context, without any well-established method clearly outperforming the others. This editorial project brings together — as chapter contributors — researchers from different (though interrelated) areas; namely, statistical methods, experimental design, stochastic programming, global optimization, metamodeling, and design and analysis of computer simulation experiments. Editors’ goal is to take advantage of such a multidisciplinary environment, to offer to the readers a much deeper understanding of the commonalities and differences of the various approaches to simulation-based optimization, especially in uncertain environments. Editors aim to offer a bibliographic reference on the topic, enabling interested readers to learn about the state-of-the-art in this research area, also accounting for potential real-world applications to improve also the state-of-the-practice. Besides researchers and scientists of the field, the primary audience for the proposed book includes PhD students, academic teachers, as well as practitioners and professionals. Each of these categories of potential readers present adequate channels for marketing actions, e.g. scientific, academic or professional societies, internet-based communities, and authors or buyers of related publications.​


Possibilistic methods for uncertainty treatment

Possibilistic methods for uncertainty treatment

Author: Enrico Zio

Publisher: FonCSI

Published: 2014-06-02

Total Pages: 41

ISBN-13:

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The authors propose a method for assessing the performance of a maintenance policy whilst accounting for uncertainty in various parameters of the degradation model. The method is appropriate for the representation and propagation of epistemic uncertainty which is elicited from an expert, who can provide a family of confidence intervals for each uncertain parameter. Information elicited from the expert is described using possibility distributions and propagated through the degradation model using fuzzy random variables and the Dempster-Shafer Theory of Evidence. In classical approaches to uncertainty propagation based on probability theory, probability distributions are used to represent information obtained from experts. However, expert judgment is often expressed using imprecise linguistic statements, and the imposition of specific probability distributions over-constrains this uncertain information in a arbitrary and unjustified manner. Possibility theory allows the epistemic uncertainty arising from expert opinion to be represented in an arguably more rigorous manner, without introducing additional bias. A practical case study concerning the maintenance of a check valve of a turbo-pump lubricating system in a nuclear power plant illustrates the method. A rupture failure model caused by fatigue is modeled, and a Condition-Based Maintenance policy is applied to the component over a fixed time horizon. The performance of the maintenance policy is assessed in terms of cost and component unavailability.


Book Synopsis Possibilistic methods for uncertainty treatment by : Enrico Zio

Download or read book Possibilistic methods for uncertainty treatment written by Enrico Zio and published by FonCSI. This book was released on 2014-06-02 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors propose a method for assessing the performance of a maintenance policy whilst accounting for uncertainty in various parameters of the degradation model. The method is appropriate for the representation and propagation of epistemic uncertainty which is elicited from an expert, who can provide a family of confidence intervals for each uncertain parameter. Information elicited from the expert is described using possibility distributions and propagated through the degradation model using fuzzy random variables and the Dempster-Shafer Theory of Evidence. In classical approaches to uncertainty propagation based on probability theory, probability distributions are used to represent information obtained from experts. However, expert judgment is often expressed using imprecise linguistic statements, and the imposition of specific probability distributions over-constrains this uncertain information in a arbitrary and unjustified manner. Possibility theory allows the epistemic uncertainty arising from expert opinion to be represented in an arguably more rigorous manner, without introducing additional bias. A practical case study concerning the maintenance of a check valve of a turbo-pump lubricating system in a nuclear power plant illustrates the method. A rupture failure model caused by fatigue is modeled, and a Condition-Based Maintenance policy is applied to the component over a fixed time horizon. The performance of the maintenance policy is assessed in terms of cost and component unavailability.


Scaling and Uncertainty Analysis in Ecology

Scaling and Uncertainty Analysis in Ecology

Author: Jianguo Wu

Publisher: Springer Science & Business Media

Published: 2006-07-02

Total Pages: 354

ISBN-13: 1402046634

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This is the first book of its kind – explicitly considering uncertainty and error analysis as an integral part of scaling. The book draws together a series of important case studies to provide a comprehensive review and synthesis of the most recent concepts, theories and methods in scaling and uncertainty analysis. It includes case studies illustrating how scaling and uncertainty analysis are being conducted in ecology and environmental science.


Book Synopsis Scaling and Uncertainty Analysis in Ecology by : Jianguo Wu

Download or read book Scaling and Uncertainty Analysis in Ecology written by Jianguo Wu and published by Springer Science & Business Media. This book was released on 2006-07-02 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book of its kind – explicitly considering uncertainty and error analysis as an integral part of scaling. The book draws together a series of important case studies to provide a comprehensive review and synthesis of the most recent concepts, theories and methods in scaling and uncertainty analysis. It includes case studies illustrating how scaling and uncertainty analysis are being conducted in ecology and environmental science.