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Optimal Decisions under Uncertainty
J. K. Sengupta
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Description for Optimal Decisions under Uncertainty
paperback. Series: Universitext. Num Pages: 296 pages, biography. BIC Classification: KCA; KJT. Category: (G) General (US: Trade). Dimension: 244 x 170 x 15. Weight in Grams: 520.
Understanding the stochastic enviornment is as much important to the manager as to the economist. From production and marketing to financial management, a manager has to assess various costs imposed by uncertainty. The economist analyzes the role of incomplete and too often imperfect information structures on the optimal decisions made by a firm. The need for understanding the role of uncertainty in quantitative decision models, both in economics and management science provide the basic motivation of this monograph. The stochastic environment is analyzed here in terms of the following specific models of optimization: linear and quadratic models, linear programming, control ... Read more
Understanding the stochastic enviornment is as much important to the manager as to the economist. From production and marketing to financial management, a manager has to assess various costs imposed by uncertainty. The economist analyzes the role of incomplete and too often imperfect information structures on the optimal decisions made by a firm. The need for understanding the role of uncertainty in quantitative decision models, both in economics and management science provide the basic motivation of this monograph. The stochastic environment is analyzed here in terms of the following specific models of optimization: linear and quadratic models, linear programming, control ... Read more
Product Details
Format
Paperback
Publication date
1985
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
296
Condition
New
Series
Universitext
Number of Pages
286
Place of Publication
Berlin, Germany
ISBN
9783540150329
SKU
V9783540150329
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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