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Affordable Upgrades of Complex Systems: A Multilevel, Performance-Based Approach

In: Modeling Uncertainty

Author

Listed:
  • James A. Reneke

    (Clemson University)

  • Matthew J. Saltzman

    (Clemson University)

  • Margaret M. Wiecek

    (Clemson University)

Abstract

A modeling and methodological approach to complex system decision making is proposed. A system is modeled as a multilevel network whose components interact and decisions on affordable upgrades of the components are to be made under uncertainty. The system is studied within a framework of overall performance analysis in a range of exogenous environments and in the presence of random inputs. The methodology makes use of stochastic analysis and multiple-criteria decision analysis. An illustrative example of upgrading an idealized industrial production system with complete computations is included.

Suggested Citation

  • James A. Reneke & Matthew J. Saltzman & Margaret M. Wiecek, 2002. "Affordable Upgrades of Complex Systems: A Multilevel, Performance-Based Approach," International Series in Operations Research & Management Science, in: Moshe Dror & Pierre L’Ecuyer & Ferenc Szidarovszky (ed.), Modeling Uncertainty, chapter 0, pages 301-331, Springer.
  • Handle: RePEc:spr:isochp:978-0-306-48102-4_15
    DOI: 10.1007/0-306-48102-2_15
    as

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