Solving Decision Problems with Mathematical Expectation

Abstract:

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Mathematical expectation is one of the important digital characters of the random variables. Many decision variables in decision problem are random variables; it is difficult to define their concrete distribution, while we can use their mathematical expectation to resolve decision questions. The applications of mathematical expectation in decision question were analyzed by example from two aspects of project contract decision and obtain employment decision.

Info:

Periodical:

Edited by:

Zhixiang Hou

Pages:

293-296

DOI:

10.4028/www.scientific.net/AMM.128-129.293

Citation:

M. Zhang and J. H. Wen, "Solving Decision Problems with Mathematical Expectation", Applied Mechanics and Materials, Vols. 128-129, pp. 293-296, 2012

Online since:

October 2011

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$35.00

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