Rationalizing apple growers’ decision making in Germany – a utility based whole farm programming approach

Assisting Whole-Farm Decision-Making through Stochastic Budgeting

Stochastic budgeting is used to simulate the business and financial risk and the performance over a six-year planning horizon on a Norwegian dairy farm. A major difficulty with stochastic whole-farm budgeting lies in identifying and measuring dependency relationships between stochastic variables. Some methods to account for these stochastic dependencies are illustrated. The financial feasibilit...

Comparison of the programming models for considering risk in farm planning:application of utility-efficient programming

Identifying and ranking the affecting factors for performance enhancement in maritime transport with a multi-branch decision-making approach based on the utility theory

Background and Theoretical Foundations: Transportation is one of the necessities for the economic development of any country. Among various modes of transportation such as air, land and sea the sea transportation is the cheapest, and it is more important as the worlds continue to grow. In Iran, due to political issues and sanctions, and since imposing limitation on marine transport cannot be im...

Evaluation of recommender systems: A multi-criteria decision making approach

The evaluation and selection of recommender systems is a difficult decision making process. This difficulty is partially due to the large diversity of published evaluation criteria in addition to lack of standardized methods of evaluation. As such, a systematic methodology is needed that explicitly considers multiple, possibly conflicting metrics and assists decision makers to evaluate and find...

A Logic-based Approach to Decision Making

We propose a novel approach to the well-studied problem of making a finite, ordered sequence of decisions under uncertainty. Most existing work in this area concentrates on graphical representations of decision problems, and requires a complete specification of the problem. Our approach is based on a formal logic, such that the choice of an optimal decision can be treated as a problem of logica...