Publications
Detail of publication
Citation
p. 1-7, University of Pardubice, Pardubice, 2004. : Decision process of incompleted stochastic model . Process control 2004,
Abstract
This paper deals with optimization of stochastic static decision making problem. The decision making problem is described by incomplete stochastic model. Uncertainty of the description is specified by probability distribution of model parameters. The problem formulation unables to use Bayesian approach. Consequently, the minimax optimization will be study here. Using minimax optimization on set of admissible strategies does not necessarily produce a deterministic optimal strategy. Then optimality criterion value can be evaluable. The minimax using locates upper limit and lower limit of expected value of optimality criterion. Illustrative example which shows discussed ideas and relation between model incompleteness and decision process quality. Conclusion summarizes obtained results and looks to followed problems.
Detail of publication
Title: | Decision process of incompleted stochastic model |
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Author: | Mošna, J. ; Pešek, P. |
Language: | English |
Date of publication: | 8 Jun 2004 |
Year: | 2004 |
Type of publication: | Papers in proceedings of reviewed conferences |
Title of journal or book: | Process control 2004 |
Page: | 1 - 7 |
ISBN: | 80-7194-662-1 |
Publisher: | University of Pardubice |
Address: | Pardubice |
Date: | 8 Jun 2004 - 11 Jun 2004 |
Keywords
decision making problem, incomplete stochastic model, minimax optimization, linear programming
BibTeX
@INPROCEEDINGS{MosnaJ_2004_Decisionprocessof, author = {Mo\v{s}na, J. and Pe\v{s}ek, P.}, title = {Decision process of incompleted stochastic model}, year = {2004}, publisher = {University of Pardubice}, journal = {Process control 2004}, address = {Pardubice}, pages = {1-7}, ISBN = {80-7194-662-1}, url = {http://www.kky.zcu.cz/en/publications/MosnaJ_2004_Decisionprocessof}, }