Affordable Upgrades of Complex Systems: A Multilevel, Performance-Based Approach

James A. Reneke, Matthew J. Saltzman and Margaret M. Wiecek
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James A. Reneke: Clemson University
Matthew J. Saltzman: Clemson University
Margaret M. Wiecek: Clemson University

Chapter Chapter 15 in Modeling Uncertainty, 2002, pp 301-331 from Springer

Abstract: Abstract A modeling and methodological approach to complex system decision making is proposed. A system is modeled as a multilevel network whose components interact and decisions on affordable upgrades of the components are to be made under uncertainty. The system is studied within a framework of overall performance analysis in a range of exogenous environments and in the presence of random inputs. The methodology makes use of stochastic analysis and multiple-criteria decision analysis. An illustrative example of upgrading an idealized industrial production system with complete computations is included.

Keywords: Decision Maker; Performance Function; Exogenous Variable; Multicriteria Optimization; Multiple Criterion Decision Making (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-0-306-48102-4_15

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DOI: 10.1007/0-306-48102-2_15

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