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The question of how to deal with uncertainty in environmental decision-making is cur-rently attracting considerable attention on the part of scientists as well as of politicians and those involved in government administration. The existence of uncertainty becomes particularly apparent in the...
Persistent link: https://www.econbiz.de/10010304368
reduction in energy consumption causes violation of service level agreement (SLA). In this article, the concept of probability … probability-based migration scheme achieves energy-performance trade-off whereas the VM placement method shows a very high gain in …
Persistent link: https://www.econbiz.de/10012044202
This paper explores the potential of dynamic statistics software for supporting the early teaching and learning of statistical and probabilistic concepts integrated within the mathematics curriculum. It shares the experiences from a case study that implemented a data-driven approach to...
Persistent link: https://www.econbiz.de/10012045358
Literature on project management contains an abundancy of references to abnormally high project cost overruns as well as bitter complaints that modern risk quantification methods could not accurately predict project cost outcomes in many cases. This article provides a) an explanation of...
Persistent link: https://www.econbiz.de/10012047287
Making decisions under uncertainty is at the core of human decision-making, particularly economic decision-making. In economics, a distinction is often made between quantifiable uncertainty (risk) and un-quantifiable uncertainty (Knight, Uncertainty and Profit, 1921). However, this distinction...
Persistent link: https://www.econbiz.de/10011291850
process has an high probability to reach a final decision. We also better qualify the degree of manipulability of such a final …
Persistent link: https://www.econbiz.de/10010328377
In this paper we develop on a geometric model of social choice among bundles of interdependent elements (objects). Social choice can be seen as a process of search for optima in a complex multi-dimensional space and objects determine a decomposition of such a space into subspaces. We present a...
Persistent link: https://www.econbiz.de/10010328500
disruption for two retailers occurs with different probability. We analyze the effect of occurrence probability of demand … supply chain are decreasing with the occurrence probability of demand disruption. Originality/value: It is helpful for supply …
Persistent link: https://www.econbiz.de/10011939023
Summary Though there is a huge variety of different Tchebycheff-type inequalities in the literature a systematised structuring is missing. The few existing surveys remain rather enumerative. Therefore in this paper a structuring of Tchebycheff-type inequalities is suggested which is based on...
Persistent link: https://www.econbiz.de/10014608708
A procedure is proposed for examining different aspects of performance for judgemental directional probability … the existing accuracy measures, enabling detailed comparisons of probability forecasts with ex-post empirical … directional probability exchange rate forecasts for the US Dollar/Swiss Franc from 23/7/96 to 7/12/99 and the findings are …
Persistent link: https://www.econbiz.de/10009435350