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The theory of decision making under uncertainty

Bedford, T.J. (2001) The theory of decision making under uncertainty. In: Decision Analysis for Reliability Assessment. Det Norske Veritas, Norway.

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This book presents decision analysis theory and practical applications from European Industry: modelling decisions, associated failure probabilities, loss or utility functions, and multi-attribute utility functions, the use of specific tools as the decision tree, the belief network and the influence diagram, and industrial application cases.