Applied decision theory

  • N. T. Kottegoda

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.

Keywords

Income Drilling Expense Convolution Nash 

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Copyright information

© N. T. Kottegoda 1980

Authors and Affiliations

  • N. T. Kottegoda
    • 1
  1. 1.Department of Civil EngineeringUniversity of BirminghamUK

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