Skip to main content
Book cover

Coping with Uncertainty

Modeling and Policy Issues

  • Conference proceedings
  • © 2006

Overview

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 581)

This is a preview of subscription content, log in via an institution to check access.

Access this book

eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (18 papers)

  1. Uncertainty and Decisions

  2. Modeling Stochastic Uncertainty

  3. Non-Probabilistic Uncertainty

  4. Applications of Stochastic Optimization

Keywords

About this book

Ongoing global changes bring fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge our traditional models and require new concepts and analytical tools. The uncertainty critically dominantes, e.g., the climate change debates. In short, the dilemma is concerned with enormous costs vs. massive uncertainties of potential extreme impacts. Traditional scientific approaches usually rely on real observations and experiments. Yet no sufficient observations exist for new problems, and "pure" experiments and learning by doing may be very expensive, dangerous, or simply impossible. In addition, available historical observations are contaminated by actions, policies. The complexity of new problems does not allow to achieve enough certainty by increasing the resolution of models or by bringing in more links. Hence, new tools for modeling and management of uncertainty are needed, as given in this book.

Authors and Affiliations

  • Aero Space Engineering and Technology, Federal Armed Forces University Munich, Neubiberg/Munich, Germany

    Kurt Marti

  • International Institute for Applied System Analysis, Laxenburg, Austria

    Yuri Ermoliev, Marek Makowski

  • Institute for Statistics and Informatics, University of Vienna, Vienna, Austria

    Georg Pflug

Bibliographic Information

Publish with us