A Methodology for Systems Engineering, Volume 24 |
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Page 267
... 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 first step to assure that ...
... 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 first step to assure that ...
Page 271
... profit criterion for one - dimensional value and probability vectors . Maximum expected profit has one major limitation , as can be shown by numerous examples . Suppose a firm is faced with two alternatives : Alternative 1 : A gain of ...
... profit criterion for one - dimensional value and probability vectors . Maximum expected profit has one major limitation , as can be shown by numerous examples . Suppose a firm is faced with two alternatives : Alternative 1 : A gain of ...
Page 302
... profit . The result is that he realizes a smaller total profit at the end of his days than he would have realized were he to play consistently the most profitable alternatives . From this point of view , the fact that a particular ...
... profit . The result is that he realizes a smaller total profit at the end of his days than he would have realized were he to play consistently the most profitable alternatives . From this point of view , the fact that a particular ...
Contents
WHAT IS SYSTEMS ENGINEERING? | 7 |
1 | 16 |
THE TD2 RADIO RELAY SYSTEM | 22 |
Copyright | |
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Common terms and phrases
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