Bayesian-information-gap decision theory with an application to CO2 sequestration

A practical approach to open-pit mine planning under price uncertainty using information gap decision theory

In the context of open-pit mine planning, uncertainties including commodity price would significantly affect the technical and financial aspects of mining projects. A mine planning that takes place regardless of the uncertainty in price just develops an optimized plan at the starting time of the mining operation. Given the price change over the life of mine, which is quite certain, optimality o...

Proposing a linear model of energy hub operation using information gap decision theory

Energy hub is a concept relates various energy carriers which has been expanded in recent years. Operation of energy hub is often attended with uncertainties. Therefore, this paper presents a linear model based on information gap decision theory (IGDT) to solve the energy hub problem. This approach can consider plenty of uncertainties, simultaneously. Energy hub under study includes a combined ...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Application of Bayesian Decision Theory Based on Prior Information in the Multi-Objective Optimization Problem

General multi-objective optimization methods are hard to obtain prior information, how to utilize prior information has been a challenge. This paper analyzes the characteristics of Bayesian decision-making based on maximum entropy principle and prior information, especially in case that how to effectively improve decision-making reliability in deficiency of reference samples. The paper exhibits...

A Bayesian model decision support system: dryland salinity management application

Addressing environmental management problems at catchment scales requires an integrated modelling approach, in which key bio-physical and socio-economic drivers, processes and impacts are all considered. Development of Decision Support Systems (DSSs) for environmental management is rapidly progressing. This paper describes the integration of physical, ecological, and socio-economic components i...