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BLAU'S DILEMMA REVISITED.
- Source :
- Management Science; Oct87, Vol. 33 Issue 10, p1232-1237, 6p
- Publication Year :
- 1987
-
Abstract
- The issue of equivalence between chance-constrained programming problems (CCPP's) and Bayesian utility-maximization problems (BUMP's), and the anomalous evaluation of information in CCPP's, are re-examined in light of a recent paper by Jagannathan and the ensuing exchange between Jagannathan and LaValle. Difficulties in "explaining" value of information within the framework of chance-constrained programming are illustrated in a numerical example due to Jagannathan. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00251909
- Volume :
- 33
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- Management Science
- Publication Type :
- Academic Journal
- Accession number :
- 7161360
- Full Text :
- https://doi.org/10.1287/mnsc.33.10.1232