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What is Value Based Decision

Chapter 207
Encyclopedia of Business Analytics and Optimization
Enables the assessment of a value for every design option so that options can be rationally compared and a choice taken. At the whole system level, the objective function which performs this assessment of value is called a “value model.”
Published in Chapter:
Stochastic Programming and Value Based Decisions
Yuri Pavlov (Bulgarian Academy of Sciences, Institute of Information and Communication Technologies, Bulgaria) and Rumen Andreev (Bulgarian Academy of Sciences, Institute of Information and Communication Technologies, Bulgaria)
Copyright: © 2014 |Pages: 12
DOI: 10.4018/978-1-4666-5202-6.ch207
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 190
Preferences, Utility, and Stochastic Approximation
Enable the assessment of a value for every design option so that options can be rationally compared and a choice taken. At the whole system level, the objective function which performs this assessment of value is called a “value model”.
Published in Chapter: Preferences, Utility, and Stochastic Approximation; From: Encyclopedia of Information Science and Technology, Fourth Edition
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 55
Preferences, Utility, and Stochastic Approximation
Enable the assessment of a value for every design option so that options can be rationally compared and a choice taken. At the whole system level, the objective function which performs this assessment of value is called a “value model”.
Published in Chapter: Preferences, Utility, and Stochastic Approximation; From: Advanced Methodologies and Technologies in Business Operations and Management
Full Text Chapter Download: US $37.50 Add to Cart
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