Accession Number : AD0732555

Title :   The Grisly Analytics of Death, Disability, and Disbursements,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA

Personal Author(s) : Forst,Brian E.

Report Date : 28 OCT 1971

Pagination or Media Count : 28

Abstract : In a large class of decision problems under uncertainty, death, disability, and reductions in wealth enter the analysis as crucial arguments in the utility function. Much of the literature in public health and safety programs, insurance programs, and clinical decision making concerns itself with optimal behavior in the presence of risk in these variables. The paper sets out, primarily, to describe the assumptions which typically underlie these analyses and demonstrate why they may be too restrictive for models which deal with the death, disability, and disbursement variables. An alternative scheme is proposed. (Author)

Descriptors :   (*DECISION THEORY, PROBABILITY), DECISION MAKING, UNCERTAINTY, MATHEMATICAL MODELS, STATISTICAL PROCESSES, OPTIMIZATION

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE