Lecture Notes in Economics and Mathematical Systems

Managing Safety of Heterogeneous Systems

Decisions under Uncertainties and Risks

Editors: Ermoliev, Yuri, Makowski, Marek, Marti, Kurt (Eds.)

  • State-of-the-art analysis and optimization methods for effective coping with uncertainty and risks
  • Advanced tools and techniques for dealing with uncertainty and risk in several applied areas, such as engineering, operations research, economics, environmental policy-making
  • Proper treatment of stochastic and non-stochastic uncertainty for robust optimal decisions under uncertainty and risk
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Softcover $149.00
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About this book

Managing safety of diverse systems requires decision-making under uncertainties and risks. Such systems are typically characterized by spatio-temporal heterogeneities, inter-dependencies, externalities, endogenous risks, discontinuities, irreversibility, practically irreducible uncertainties, and rare events with catastrophic consequences. Traditional scientific approaches rely on data from real observations and experiments; yet no sufficient observations exist for new problems, and experiments are usually impossible. Therefore, science-based support for addressing such new class of problems needs to replace the traditional “deterministic predictions” analysis by new methods and tools for designing decisions that are robust against the involved uncertainties and risks. The new methods treat uncertainties explicitly by using “synthetic” information derived by integration of “hard” elements, including available data, results of possible experiments, and formal representations of scientific facts, with “soft” elements based on diverse representations of scenarios and opinions of public, stakeholders, and experts. The volume presents such effective new methods, and illustrates their applications in different problem areas, including engineering, economy, finance, agriculture, environment, and policy making.

About the authors

Ermoliev, Y.: Professor, Institute Scholar, and Senior Researcher, Integrated Modeling Environment (IME) Project, International Institute for Applied System Analysis, Laxenburg, Austria. Research: modeling of decision-making processes under risks and uncertainties, stochastic and dynamic system optimization.

Makowski, M.: Dr., Leader, Integrated Modeling Environment (IME) Project, International Institute for Applied System Analysis, Laxenburg, Austria. Research: model-based decision-making support, structured modeling, integrated model analysis, multiple-criteria problem analysis.

Marti, K.: o.Univ.Professor for Engineering Mathematics, Federal Armed Forces University Munich, Aerospace Engineering and Technology, Neubiberg/Munich, Germany. Research: Stochastic Optimization Methods in Engineering

Table of contents (18 chapters)

  • Robust Management of Heterogeneous Systems under Uncertainties

    Ermoliev, Yuri (et al.)

    Pages 1-16

  • Systemic Risk and Security Management

    Ermoliev, Yuri (et al.)

    Pages 19-49

  • Robust Decisions under Risk for Imprecise Probabilities

    Ogryczak, Włodzimierz

    Pages 51-66

  • Combining Second-Order Belief Distributions with Qualitative Statements in Decision Analysis

    Caster, Ola (et al.)

    Pages 67-87

  • An Econometric Model Based on the Maxmin Expected Utility Model: An Application to Earthquake Insurance

    Fujimi, Toshio (et al.)

    Pages 89-106

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-22884-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $149.00
price for USA
  • ISBN 978-3-642-22883-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Managing Safety of Heterogeneous Systems
Book Subtitle
Decisions under Uncertainties and Risks
Editors
  • Yuri Ermoliev
  • Marek Makowski
  • Kurt Marti
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
658
Copyright
2012
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-22884-1
DOI
10.1007/978-3-642-22884-1
Softcover ISBN
978-3-642-22883-4
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XXIII, 378
Number of Illustrations and Tables
78 b/w illustrations
Topics