What Every Engineer Should Know About Decision Making Under Uncertainty

What Every Engineer Should Know About Decision Making Under Uncertainty
ISBN-10
0824743733
ISBN-13
9780824743734
Category
Technology & Engineering
Pages
221
Language
English
Published
2002-07-01
Publisher
CRC Press
Author
John X. Wang

Description

Covering the prediction of outcomes for engineering decisions through regression analysis, this succinct and practical reference presents statistical reasoning and interpretational techniques to aid in the decision making process when faced with engineering problems. The author emphasizes the use of spreadsheet simulations and decision trees as important tools in the practical application of decision making analyses and models to improve real-world engineering operations. He offers insight into the realities of high-stakes engineering decision making in the investigative and corporate sectors by optimizing engineering decision variables to maximize payoff.

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