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Application Paradigms

In: Decision Processes by Using Bivariate Normal Quantile Pairs

Author

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  • N. C. Das

    (Birsa Agricultural University, Department of Statistics)

Abstract

This chapter is the crux of the book. This chapter reveals the real power of BIVNOR which yields tables of biquantile pairs. The same are used to solve problems on joint condensed confidence interval, joint chance-constrained programming and for valid cum precise results haunting decision scientists and decision-makers for about seven decades. Thus, it is possible now to realize that a significant step of advancement has been taken in the direction of dependence and dynamism. This chapter has 15 sections of which first 14 chapters exhibit the application of biquantile pairs/equi-quantile values. Though the examples more often show the use of equi-quantile values, but those are biquantile pairs which are of greater importance than the former. This is because the same offers the scope for generating larger number of alternatives for decision-making at the same level of prefixed risk or confidence coefficient and for given or computed value of correlation coefficient.

Suggested Citation

  • N. C. Das, 2015. "Application Paradigms," Springer Books, in: Decision Processes by Using Bivariate Normal Quantile Pairs, edition 127, chapter 0, pages 137-191, Springer.
    • Handle: RePEc:spr:sprchp:978-81-322-2364-1_7
    DOI: 10.1007/978-81-322-2364-1_7
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