Accession Number:

ADA037013

Title:

Planning and Control under Risk

Descriptive Note:

Final rept.

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s):

• Jewell, William S.

Report Date:

1976-08-01

Pagination or Media Count:

30.0

Abstract:

This report describes work in the modelling of stochastic phenomena and the development of decision-making techniques under risk and uncertainty. Research areas which received major emphasis were 1 Basic risk decision models, with emphasis on determining the structure of optimal policies and examining the implications of different risk objectives 2 Problems of data collection, estimation, and updating for realistic decision models.

Descriptors:

• *MANAGEMENT PLANNING AND CONTROL
• *RISK ANALYSIS
• BAYES THEOREM
• DATA ACQUISITION
• DECISION MAKING
• ESTIMATES
• MATHEMATICAL MODELS
• OPTIMIZATION
• POLICIES
• STOCHASTIC PROCESSES

Subject Categories:

• Administration and Management
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE