Download or read book Design Decisions under Uncertainty with Limited Information written by Efstratios Nikolaidis and published by CRC Press. This book was released on 2011-02-18 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's business environment involves design decisions with significant uncertainty. To succeed, decision-makers should replace deterministic methods with a risk-based approach that accounts for the decision maker‘s risk tolerance. In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a