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What is Decision Theoretic Optimal Design

Chapter 152
Encyclopedia of Business Analytics and Optimization
Take into account both uncertainty in the life-cycle of product under design and desirability of stake-holders, and optimize according to the maximum expected utility principle.
Published in Chapter:
Optimal Collaborative Design in Supply Chains
Yang Xiang (School of Computer Science, University of Guelph, Canada)
Copyright: © 2014 |Pages: 13
DOI: 10.4018/978-1-4666-5202-6.ch152
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