IDEAS home Printed from https://ideas.repec.org/h/spr/ssrchp/978-1-4471-6440-1_4.html
   My bibliography  Save this book chapter

Introduction to Stochastic Optimisation and Game Theory

In: Extended Warranties, Maintenance Service and Lease Contracts

Author

Listed:
  • D.N.P. Murthy

    (University of Queensland)

  • Nat Jack

    (University of Abertay Dundee)

Abstract

Decision problems may be classified in different ways. They may be either static or dynamic. In the static situation, decisions have to be made only once, whereas a dynamic problem involves multiple decisions over time. Decision problems may also be either deterministic or stochastic. In a deterministic problem, uncertainty is assumed to be insignificant and is ignored, whereas in a stochastic problem, the effect of uncertainty is included in the modelling, and this is done through the presence of random variables.

Suggested Citation

  • D.N.P. Murthy & Nat Jack, 2014. "Introduction to Stochastic Optimisation and Game Theory," Springer Series in Reliability Engineering, in: Extended Warranties, Maintenance Service and Lease Contracts, edition 127, chapter 0, pages 77-87, Springer.
    • Handle: RePEc:spr:ssrchp:978-1-4471-6440-1_4
    DOI: 10.1007/978-1-4471-6440-1_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ssrchp:978-1-4471-6440-1_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.