This is a preview. Log in through your library . Abstract This paper describes and discusses the results of a national survey [1] on the use of mathematical models in plant maintenance decision making ...

When facing a stressful situation with a possible negative outcome, such as a battle with cancer, our human ability to use our own decision-making to put the odds in our favour is an important way to ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

Strategic decision making lies at the heart of game theory and market competition research, providing a framework to understand how rational agents interact under conditions of uncertainty and ...