Abstract One of the basic assumptions in hub covering problems is considering the covering radius as an exogenous parameter which cannot be controlled by the decision maker. Practically and in many real world cases with a negligible increase in costs, to increase the covering radii, it is possible to save the costs of establishing additional hub nodes. Change in problem parameters during the pl...

An estimation problem of the mean µ of an inverse Gaussian distribution IG(µ, C µ) with known coefficient of variation c is treated as a decision problem with entropy loss function. A class of Bayes estimators is constructed, and shown to include MRSE estimator as its closure. Two important members of this class can easily be computed using continued fractions

Analytic results indicate that many heads often can be better than one even when none o f the added heads is as individually compe ten t as the first . We define individual competence (accuracy) in a dichotomous choice situation as the probability Pi of making the 'correct' or 'better' choice.~ Condorcet (1785) shows that if each person has equal competence, and if that competence, pi, is great...

A resource investment problem is a project-scheduling problem in which the availability levels of the resources are considered as decision variables and the goal is to find a schedule, and resource requirement levels, such that some objective function optimizes. In this paper, we consider a resource investment problem in which the goal is to maximize the net present value of the project cash fl...

In this paper, an interval-valued Pythagorean triangular fuzzy number (IVPTFN) as a useful tool to handle decision-making problems with vague quantities is defined. Then, their operational laws are developed. By introducing a novel method of making a decision on the concept of possibility theory, a multi-attribute group decision-making (MAGDM) problem is considered, in which the attribute value...

abstract one of the basic assumptions in hub covering problems is considering the covering radius as an exogenous parameter which cannot be controlled by the decision maker. practically and in many real world cases with a negligible increase in costs, to increase the covering radii, it is possible to save the costs of establishing additional hub nodes. change in problem parameters during the pl...

Recommender systems — systems that suggest to users in e-commerce sites items that might interest them — adopt a static view of the recommendation process and treat it as a prediction problem. In an earlier paper, we argued that it is more appropriate to view the problem of generating recommendations as a sequential decision problem and, consequently, that Markov decision processes (MDPs) provi...

n applicants of similar qualification are on an interview list and their salary demands are from a known and continuous distribution. Two managers, I and II, will interview them one at a time. Right after each interview, manager I always has the first opportunity to decide to hire the applicant or not unless she has hired one already. If manager I decides not to hire the current applicant, then...

The choice of calibration policy is of basic importance in analytical chemistry. A prototype of the practical calibration problem is formulated as a mathematical task and a Bayesian solution of the resulting decision problem is presented. The optimum feedback calibration policy can then be found by dynamic programming. The underlying parameter estimation and filtering are solved by updating rel...