A Methodology for Systems Engineering, Volume 24 |
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Page 267
... criterion is to maximize profit . To use the criterion , calculate the profit for each alternative and select that alternative showing the greatest profit . This is the equivalent of making the most of the available alter- natives . A ...
... criterion is to maximize profit . To use the criterion , calculate the profit for each alternative and select that alternative showing the greatest profit . This is the equivalent of making the most of the available alter- natives . A ...
Page 299
... criterion for choosing a course of action is called the minimax criterion ( minimize maximum loss ) . As put forth here , it might more properly be called the maximin criterion . 11.4 THE HURWICZ CRITERION An optimist might be inclined ...
... criterion for choosing a course of action is called the minimax criterion ( minimize maximum loss ) . As put forth here , it might more properly be called the maximin criterion . 11.4 THE HURWICZ CRITERION An optimist might be inclined ...
Page 300
... criterion in this case would say , " Buy the stock . " ( Remember that the minimax criterion applied to the payoff matrix said , " Buy the bond . " ) Savage's conclusion : " Act in such a way that when you find out what nature has done ...
... criterion in this case would say , " Buy the stock . " ( Remember that the minimax criterion applied to the payoff matrix said , " Buy the bond . " ) Savage's conclusion : " Act in such a way that when you find out what nature has done ...
Contents
WHAT IS SYSTEMS ENGINEERING? | 7 |
1 | 16 |
THE TD2 RADIO RELAY SYSTEM | 22 |
Copyright | |
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action alternative analysis applied approach basic block called channel Chapter choose complete components consequences consider cost creative criterion decision defined definition demand detailed determine discussed economic effect environment equation equipment example existing expected experience fact factors field frequency function give given graph human ideas important income increase individual input interest kinds limited lines means measure methods nature necessary objectives operations organization output performance phase physical planning possible preference present probability problem profit properties questions radio reason received relation requirements satisfy scale shows signal sometimes specific standard step studies synthesis systems engineering technical techniques telephone theory tion units usually utility variables wanted York