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