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Applied decision theory

In: Stochastic Water Resources Technology

Author

Listed:
  • N. T. Kottegoda

    (University of Birmingham, Department of Civil Engineering)

Abstract

The design and operation of water resource systems are affected to a great extent by the uncertainty of future events, as stressed throughout this text. In spite of the immense variability in the states of nature which have to be coped with and the limited information available, the engineer is called upon to make decisions and to take appropriate actions. Decision theory attempts to provide, for a large body of applied scientists and managers, a systematic approach to the statistical problems involved.

Suggested Citation

  • N. T. Kottegoda, 1980. "Applied decision theory," Palgrave Macmillan Books, in: Stochastic Water Resources Technology, chapter 9, pages 346-376, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03467-3_9
    DOI: 10.1007/978-1-349-03467-3_9
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