A probabilistic model for interactive decision-making
A probabilistic reasoning model is defined where the decision maker (d.m.) is engaged in a sequential information-gathering process facing the trade-off between the reliability of the achieved solution and the associated observation cost. The d.m. is directly involved in the proposed flexible contro...
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| Veröffentlicht in: | Decision Support Systems 1999-05, Vol.25 (4), p.289-308 |
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| container_title | Decision Support Systems |
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| creator | Reverberi, Pierfrancesco Talamo, Maurizio |
| description | A probabilistic reasoning model is defined where the decision maker (d.m.) is engaged in a sequential information-gathering process facing the trade-off between the reliability of the achieved solution and the associated observation cost. The d.m. is directly involved in the proposed flexible control strategy, which is based on information-theoretic principles. The devised strategy works on a Bayesian belief network that allows the efficient representation and manipulation of the knowledge base relevant to the problem domain. It is shown that this strategy guarantees a constant factor approximate solution with respect to the optimum of the decision problem. Some application examples are also discussed. |
| doi_str_mv | 10.1016/S0167-9236(99)00013-5 |
| format | Article |
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Utility theory</subject><subject>Decision-making under uncertainty</subject><subject>Exact sciences and technology</subject><subject>Information-gathering strategy</subject><subject>Interactive solution procedure</subject><subject>Myopic policy</subject><subject>Operational research and scientific management</subject><subject>Operational research. 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| ispartof | Decision Support Systems, 1999-05, Vol.25 (4), p.289-308 |
| issn | 0167-9236 1873-5797 |
| language | eng |
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| source | Elsevier ScienceDirect Journals |
| subjects | Applied sciences Bayesian analysis Bayesian belief networks Decision making Decision support systems Decision theory. Utility theory Decision-making under uncertainty Exact sciences and technology Information-gathering strategy Interactive solution procedure Myopic policy Operational research and scientific management Operational research. Management science Probability Studies |
| title | A probabilistic model for interactive decision-making |
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