Nicht lieferbar
Andere Kunden interessierten sich auch für
![Decision-Making in Engineering Design]( "Decision-Making in Engineering Design")
Decision-Making in Engineering Design110,99 €![Proceedings of the International Symposium on Engineering under Uncertainty: Safety Assessment and Management (ISEUSAM - 2012)]( "Proceedings of the International Symposium on Engineering under Uncertainty: Safety Assessment and Management (ISEUSAM - 2012)")
Proceedings of the International Symposium on Engineering under Uncertainty: Safety Assessment and Management (ISEUSAM - 2012)249,99 €![Multi objective optimization and decision making]( "Multi objective optimization and decision making")
Multi objective optimization and decision making39,99 €![Collaborative decision making in Industrial Management environment]( "Collaborative decision making in Industrial Management environment")
Collaborative decision making in Industrial Management environment29,99 €![Cooperative Decision-Making in Modular Product Family Design]( "Cooperative Decision-Making in Modular Product Family Design")
Cooperative Decision-Making in Modular Product Family Design74,99 €![A Multi-Criterion Decision-making for Flood Vulnerability Assessment]( "A Multi-Criterion Decision-making for Flood Vulnerability Assessment")
A Multi-Criterion Decision-making for Flood Vulnerability Assessment32,99 €![Decision-Making Models and Applications in Manufacturing Environments]( "Decision-Making Models and Applications in Manufacturing Environments")
Decision-Making Models and Applications in Manufacturing Environments202,99 €
While decision-making under uncertainty is a universal problem, its implications in the field of transportation systems are especially consequential; where the benefits of right decisions can be substantial, the effects of wrong ones can be disastrous. Development decisions involving highways must incorporate traffic demand and land price. In the literature, these and other uncertainties are almost universally modeled using Geometric Brownian Motion (GBM). The book challenges this blanket assumption. Its vivid analysis of many aspects of transportation decision-making reveals novel findings including the new concept of Opportunity Cost of Wrong Decisions. Through empirical tests, the author invalidates one real-option application of the GBM model while corroborating the applicability of several others from the class of Lévy jump models. Despite similarity of model end results, the improvements in model precision further the quest for optimality and much more. Comprehensive and thorough, the book appeals to a wide range of readers including decision-makers, engineers, planners, academicians, researchers, politicians and others curious about any of the above topics.