Uncertainty propagation in decision support models
by E. Borgonovo
International Journal of Operational Research (IJOR), Vol. 6, No. 2, 2009

Abstract: We propose an analytical approach to uncertainty analysis in decision support models. After providing the expression of the generic central and non-central moment of the model output, we prove that the expected value of the output equals the weighted average of the utility of all the consequences. This result allows to generalise risk profile diagrams to the case of uncertain probabilities.

Online publication date:: Fri, 19-Jun-2009

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Operational Research (IJOR):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com