Lecture Notes in Economics and Mathematical Systems

Coping with Uncertainty

Modeling and Policy Issues

Editors: Marti, K., Ermoliev, Y., Makowski, M., Pflug, G. (Eds.)

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  • ISBN 978-3-540-35262-4
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Softcover 145,59 €
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  • ISBN 978-3-540-35258-7
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About this book

Ongoing global changes bring fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge our traditional models and require new concepts and analytical tools. The uncertainty critically dominantes, e.g., the climate change debates. In short, the dilemma is concerned with enormous costs vs. massive uncertainties of potential extreme impacts. Traditional scientific approaches usually rely on real observations and experiments. Yet no sufficient observations exist for new problems, and "pure" experiments and learning by doing may be very expensive, dangerous, or simply impossible. In addition, available historical observations are contaminated by actions, policies. The complexity of new problems does not allow to achieve enough certainty by increasing the resolution of models or by bringing in more links. Hence, new tools for modeling and management of uncertainty are needed, as given in this book.

Table of contents (18 chapters)

Table of contents (18 chapters)
  • Facets of Robust Decisions

    Pages 3-28

    Ermoliev, Y. (et al.)

  • Stress Testing via Contamination

    Pages 29-46

    Dupačová, J.

  • Structured Modeling for Coping with Uncertainty in Complex Problems

    Pages 47-64

    Makowski, M.

  • Using Monte Carlo Simulation to Treat Physical Uncertainties in Structural Reliability

    Pages 67-83

    Charmpis, D. C. (et al.)

  • Explicit Methods for the Computation of Structural Reliabilities in Stochastic Plastic Analysis

    Pages 85-103

    Kaymaz, I. (et al.)

Buy this book

eBook 117,69 €
price for Spain (gross)
  • ISBN 978-3-540-35262-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 145,59 €
price for Spain (gross)
  • ISBN 978-3-540-35258-7
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Coping with Uncertainty
Book Subtitle
Modeling and Policy Issues
Editors
  • Kurt Marti
  • Yuri Ermoliev
  • Marek Makowski
  • Georg Pflug
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
581
Copyright
2006
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-35262-4
DOI
10.1007/3-540-35262-7
Softcover ISBN
978-3-540-35258-7
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XIII, 330
Number of Illustrations
56 b/w illustrations
Topics