Optimal Decision Making In Operations Research And Statistics

Optimal Decision Making in Operations Research and Statistics

The book provides insights in the decision-making for implementing strategies in various spheres of real-world issues. It integrates optimal policies in various decisionmaking problems and serves as a reference for researchers and industrial practitioners. Furthermore, the book provides sound knowledge of modelling of real-world problems and solution procedure using the various optimisation and statistical techniques for making optimal decisions. The book is meant for teachers, students, researchers and industrialists who are working in the field of materials science, especially operations research and applied statistics.

Optimization and Decision-Making Methods

Explores optimization techniques and decision-making models for solving complex engineering and management problems efficiently.

Operations Research