Optimization of survival strategy by application of safety dependent utility model

• Autorzy: Kulikowski R.
• Języki publikacji: EN

Abstrakty

EN

This paper deals with life-saving decisions. The decision maker can buy a number of death-averting devices or services which increase his safety S at the expense of the discounted future consumption R. The safety and consumption depend parametrically on the death probability p and the probability reducing strategy x, i.e. S(p/x); R(p/x). The two-factors utility function U(S, R) is used to find the optimum strategy x = [...]. which maximizes U(x). One can show that the unique strategy [...] exists and can be effectively derived. Many applications of proposed methodology are indicated.

Słowa kluczowe

EN

death-averting; decision support; expcted return; life saving; optimization; optimum life-saving strategy; probability of death and survival; risk; safety; utility models

PL

optymalizacja; prawdopodobieństwo; ryzyko; teoria decyzji; teoria systemów; wzór użytkowy

• Wydawca: Systems Research Institute, Polish Academy of Sciences
• Czasopismo: Control and Cybernetics
• Rocznik: 2000
• Tom: Vol. 29, no 1
• Strony: 167--178
• Opis fizyczny: Bibliogr. 9 poz.,

Twórcy

autor

Kulikowski R.

• Systems Research Institute, Polish Academy of Sciences, Newelska 6, 01-447 Warszawa, Poland