Indifferent Uncertainty

V. I. Ivanenko ()
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V. I. Ivanenko: Kyviv Polytechnic Institute

Chapter Chapter 3 in Decision Systems and Nonstochastic Randomness, 2010, pp 39-70 from Springer

Abstract: Abstract In the control of technological processes of mass production, one often finds the following decision situation. In every realization of a technological operation, it is necessary to choose the value of some operational parameter, for example, the time t of a treatment, knowing the following information: (1) The “ideal” value t* of the parameter t—that is, the value that we would choose if we knew all necessary variables or inputs—is contained within certain limits t 1 ≤ t* ≤ t 2. (2) If t deviates from t* by no more than a given value ∆t > 0, the article is good; otherwise it is bad or wasted. (3) The technological operation is carried out many times; therefore it is expedient to estimate it by the average quantity of wasted articles over infinitely many realizations.

Keywords: Loss Function; Mixed Strategy; Stationary Sequence; Average Loss; Borel Function (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4419-5548-7_3

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DOI: 10.1007/978-1-4419-5548-7_3

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