Accession Number:

ADA055055

Title:

Planning and Control Under Risk

Descriptive Note:

Final rept. 1 Nov 1976-Nov 1977

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s):

• Jewell, William S.

Report Date:

1977-11-01

Pagination or Media Count:

30.0

Abstract:

This is the Final Report in a twelve-year effort to model stochastic phenomena and develop decision-making techniques under risk and uncertainty. Recent research areas which received major emphasis were 1 Basic risk decision models, with emphasis on determining the structure of optimal policies in the face of unknown parameters in the relevant risk distributions and 2 Data collection and parameter estimation with emphasis on linearized Bayesian methods.

Descriptors:

• *DECISION MAKING
• *MANAGEMENT PLANNING AND CONTROL
• *OPERATIONS RESEARCH
• BAYES THEOREM
• DATA ACQUISITION
• DECISION THEORY
• ESTIMATES
• MATHEMATICAL MODELS
• MILITARY OPERATIONS
• PARAMETRIC ANALYSIS
• PROBABILITY
• RISK
• STOCHASTIC PROCESSES

Subject Categories:

• Administration and Management
• Psychology
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE