5.1. Pay-off matrix technique

Lev S. Belyaev

Energy, 1990, vol. 15, issue 7, 631-643

Abstract: An approach to the solution of decision problems that is based on the computation and analysis of the pay-off matrix is presented. Special Wald, Laplace etc. criteria, as well as subjective probability estimations are applied. The technique is illustrated with an example drawn from designing experience.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:15:y:1990:i:7:p:631-643

DOI: 10.1016/0360-5442(90)90011-P

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