Accession Number : AD0763073
Title : A Pragmatic Approach to 0-1 Decision Making.
Descriptive Note : Research rept.,
Corporate Author : CARNEGIE-MELLON UNIV PITTSBURGH PA MANAGEMENT SCIENCES RESEARCH GROUP
Personal Author(s) : Piper,Christopher J. ; Zoltners,Andris A.
Report Date : APR 1973
Pagination or Media Count : 28
Abstract : An approach to 0-1 decision making is presented that employes an implicit enumeration algorithm which collects all 0-1 solutions whose objective function values are within a specified tolerance of the optimum. The approach is motivated by the observation that two equally good solutions can have significantly different real world implications for a decision maker. Moreover, the availability of several near-optimal solutions permits the evaluation of the optimal solution's performance under uncertainty. Computational experience with a number of test problems is reported. (Author)
Descriptors : (*LINEAR PROGRAMMING, *DECISION THEORY), SET THEORY, STATISTICAL ANALYSIS, PROBABILITY, ALGORITHMS
Subject Categories : Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE