Article ID: | iaor20023692 |
Country: | China |
Volume: | 16 |
Issue: | 3 |
Start Page Number: | 228 |
End Page Number: | 231 |
Publication Date: | Jun 2001 |
Journal: | Journal of Systems Engineering and Electronics |
Authors: | Xu Zeshui |
This paper, by introducing a new concept, ‘expectation loss value domination’, presents a method for choosing the optimal decision from the given ones under incomplete information. The method can use the known partial probability information sufficiently, and is interactive, practical and easy to implement on a computer. Finally, a numerical example is given to show the reasonability and effectiveness of the method.