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Keyword: Multistage decision-makingOpen AccessArticle
11 Pages, 1,187 KB 
The First Application of the Multistage One-Shot Decision-Making Approach to Reevaluate a Technology Project Decision Problem
Abstract:
Decision-makers must make a suitable sequence of decisions under uncertainty in a relatively long period for particular projects and situations. Conventional decision-making approaches under uncertainty are based on expected utility theory and do not sufficiently reflect the one-time nature of decisions. Similarly, the conventional approaches do not adequately incorporate the decision-maker’s intuitions in the decision-analysis…
Read More(This article belongs to the Special Issue on Computing, Engineering and Multidisciplinary Sciences 2022-23 & Section Interdisciplinary Applications of Computer Science (CSI))