Download Belief Functions in Business Decisions by Rajendra P. Srivastava, Theodore J. Mock PDF

By Rajendra P. Srivastava, Theodore J. Mock

The ebook specializes in purposes of trust services to company judgements. part I introduces the intuitive, conceptual and historic improvement of trust features. 3 assorted interpretations (the marginally right approximation, the qualitative version, and the quantitative version) of trust capabilities are investigated, and tough set concept and established question language (SQL) are used to specific trust functionality semantics. part II offers functions of trust services in info platforms and auditing. integrated are discussions on how a belief-function framework offers a extra effective and powerful audit technique and likewise the appropriateness of trust features to symbolize uncertainties in audit facts. The 3rd part offers with purposes of trust capabilities to mergers and acquisitions; monetary research of engineering corporations; forecast call for for cellular satellite tv for pc companies; modeling monetary portfolios; and economics.

Show description

Read or Download Belief Functions in Business Decisions PDF

Best game theory books

Differential Information Economies

One of many major difficulties in present fiscal thought is to jot down contracts that are Pareto optimum, incentive suitable, and likewise implementable as an ideal Bayesian equilibrium of a dynamic, noncooperative online game. The query arises if it is attainable to supply Walrasian style or cooperative equilibrium suggestions that have those homes.

Interest Rate Models: an Infinite Dimensional Stochastic Analysis Perspective

Rate of interest types: an enormous Dimensional Stochastic research standpoint reports the mathematical concerns that come up in modeling the rate of interest time period constitution. those matters are approached via casting the rate of interest versions as stochastic evolution equations in limitless dimensions. The e-book is produced from 3 components.

Strategy and Politics: An Introduction to Game Theory

Method and Politics: An advent to video game concept is designed to introduce scholars without history in formal conception to the applying of video game idea to modeling political strategies. This obtainable textual content covers the fundamental facets of video game idea whereas protecting the reader continually involved with why political technology as an entire would receive advantages from contemplating this system.

Additional resources for Belief Functions in Business Decisions

Sample text

31 This result is accepted here, except that these probability functions quantiry the uncertainty only when adecision is really involved. In the TBM, we ass urne that the pignistic and the credal levels are distinct which implies that the justification for using probability functions at the credal level does not hold anymore (Dubois, Prade, & Smets, 1996). At the credal level, beliefs are repre"lented by a belief function; at the pignistic level, this belief function induees a prob ability function that is used to make decision.

H n }. In a context where You want to seleet the most 'probable/likely' hypothesis H i E H, authors like Appriou (1991) propose that one should seleet the most plausible hypothesis, a very natural proposal. Nevertheless we feel that this solution is poised by counterexamples like the next one. 5. Decisions based on maximal plausibility. Suppose m H (H1 ) H m (H2 ) m H (H2 ,H3 , ... 69. 69. is the most plausible hypothesis, and according to that approach, the So one to be selected. With the pignistic: transformation, we get: BetpH (Hg) BetpH (H I ) BetpH (H2 ) ...

Nd we don't have a way to 'prove' whic:h solution is definitively the best one. 10 An example: the Oil-Drilling Problem In order to illustrate the use of the pignistic transformation, we present the classical Oil-Drilling example. It was analyzed in (Strat, 1994) within an upper and lower probability context. We present its analyze into the TBM eontext. 6 The Oil-Drilling Problem. A wildcatter must decide whether or not to drill for oil. He is unc:ertain whether the hole will be dry, have a tric:kle 01' oil, or be a gusher.

Download PDF sample

Rated 4.95 of 5 – based on 30 votes