are illustrated numerically for a variety of utility functions commonly used in decision theory … decision maker in the simplest non-trivial theoretical scenario, where the decision maker is allowed to acquire only two pieces … decision maker when choosing which piece of information to acquire. We show that the decision of how to optimally allocate the …

The goal programming (GP) is a well-known approach applied to multi-criteria decision making (M-DM). It has been used … analogies between M-DM under certainty and scenario-based one-criterion decision making under uncertainty (1-DMU) have not been … hybrids for 1-DMU are formulated. They differ from each other in terms of the type of the decision maker considered (pessimist …

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …