Algorithms for worst-case design and applications to risk management

• Main Author: Rustem, Berc
• Other Authors: Howe, Melendres
• Format: Electronic eBook
• Language: English
• Published: Princeton, N.J. ; Oxford : Princeton University Press, ©2002.
• Subjects: Algorithms.; Risk management > Mathematics.; elektronické knihy; electronic books
• ISBN: 140081460X; 9781400814602; 9781400825110; 1400825113; 9781680158960; 1680158961; 0691091544; 1282157191; 9781282157194
• Physical Description: 1 online resource (xv, 389 pages)

Recognizing that robust decision making is vital in risk management, this book provides concepts and algorithms for computing the best decision in view of the worst-case scenario. The main tool used is minimax, which ensures robust policies with guaranteed optimal performance that will improve furth...