Accession Number:

AD0763073

Title:

A Pragmatic Approach to 0-1 Decision Making.

Descriptive Note:

Research rept.,

Corporate Author:

CARNEGIE-MELLON UNIV PITTSBURGH PA MANAGEMENT SCIENCES RESEARCH GROUP

Personal Author(s):

• Piper,Christopher J.
• Zoltners,Andris A.

Report Date:

1973-04-01

Pagination or Media Count:

28.0

Abstract:

An approach to 0-1 decision making is presented that employes an implicit enumeration algorithm which collects all 0-1 solutions whose objective function values are within a specified tolerance of the optimum. The approach is motivated by the observation that two equally good solutions can have significantly different real world implications for a decision maker. Moreover, the availability of several near-optimal solutions permits the evaluation of the optimal solutions performance under uncertainty. Computational experience with a number of test problems is reported. Author

Descriptors:

• (*LINEAR PROGRAMMING
• *DECISION THEORY)
• SET THEORY
• STATISTICAL ANALYSIS
• PROBABILITY
• ALGORITHMS

Subject Categories:

• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE