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Könyv Highway Development Decision-Making Under Uncertainty: Mayar El-Khatib

Highway Development Decision-Making Under Uncertainty:

Analysis, Critique and Advancement

Szerző: Mayar El-Khatib
Nyelv: Angol
Kötés: Puha kötésű
Kiadó: VDM Verlag Dr. Müller
Elérhetőség: Kiadói készleten rendelésre
Küldés 17-27 napon belül
23 481 Ft
While decision-making under uncertainty is a universal problem, its implications in the field of tra...

Információk a könyvről

Szerző
Mayar El-Khatib
Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
2014
oldal
184
EAN
9783639353822
Enbook ID
02207716
Kiadó
VDM Verlag Dr. Müller
Súly
290
Méretek
150 x 220 x 11

Teljes leírás

While decision-making under uncertainty is a universal problem, its implications in the field of transportation systems are especially consequential; where the benefits of right decisions can be substantial, the effects of wrong ones can be disastrous. Development decisions involving highways must incorporate traffic demand and land price. In the literature, these and other uncertainties are almost universally modeled using Geometric Brownian Motion (GBM). The book challenges this blanket assumption. Its vivid analysis of many aspects of transportation decision-making reveals novel findings including the new concept of Opportunity Cost of Wrong Decisions. Through empirical tests, the author invalidates one real-option application of the GBM model while corroborating the applicability of several others from the class of Lévy jump models. Despite similarity of model end results, the improvements in model precision further the quest for optimality and much more. Comprehensive and thorough, the book appeals to a wide range of readers including decision-makers, engineers, planners, academicians, researchers, politicians and others curious about any of the above topics.

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