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Reliability and Cost-Benefit Analysis for Two-Stage Intervened Decision-Making Systems with Interdependent Decision Units
- Source :
- International Journal of Mathematical, Engineering and Management Sciences, Vol 4, Iss 3, Pp 531-541 (2019)
- Publication Year :
- 2019
- Publisher :
- Ram Arti Publishers, 2019.
-
Abstract
- This paper deals with a special type of voting systems, called two-stage intervened decision-making systems, in which the decision time of each decision unit will be a random variable and some supervising mechanism is included. A new decision rule is applied to such kind of systems, which makes the decision units become interdependent from each other. The reliability and cost-benefit models are developed. The optimization for the models is discussed and the optimal solution for a special case is also derived. A numerical example for model optimization is presented as well as some model comparison. Even though a specific application is used for model formulation and derivation throughout this paper, the modeling results can be easily modified and applied to many other systems.
Details
- Language :
- English
- ISSN :
- 24557749
- Volume :
- 4
- Issue :
- 3
- Database :
- Directory of Open Access Journals
- Journal :
- International Journal of Mathematical, Engineering and Management Sciences
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.6b3a68b40a444a17aeddf9c5651cd525
- Document Type :
- article
- Full Text :
- https://doi.org/10.33889/IJMEMS.2019.4.3-043