Information processing under imprecise risk with an insurance demand illustration

Jaffray, Jean-Yves; Jeleva, Meglena

doi:10.1016/j.ijar.2007.06.013

Cited by 16 publications

(16 citation statements)

References 15 publications

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“…Several methods for dealing with this situation have been proposed, e.g., maximin-maximax rule, Hurwicz criterion [100], and information gap decision theory [101]. These methods have also been applied where both risk and uncertainty are present (for example, see [102] and [103]). …”

Section: B Discussion and Perspectivesmentioning

confidence: 99%

Uncertainty in Through-Life Costing–-Review and Perspectives

Goh

Newnes

Mileham

et al. 2010

IEEE Trans. Eng. Manage.

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Section: B Discussion and Perspectivesmentioning

confidence: 99%

Uncertainty in Through-Life Costing–-Review and Perspectives

Goh

Newnes

Mileham

et al. 2010

IEEE Trans. Eng. Manage.

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“…A driver-player decides for each strategy in availability according to the criterion of Hurwicz (described in Jaffray J.Y., Jeleva M. [26]), in relation to the response of the other drivers-players, when he considers and calculates, as a synthesis of values, either the better consequence or the worst one, computed according to the shadow price (marginal rate of substitution) to ( 1 , 1 ), ( 1 , 2 )... as:…”

Section: The Decision-making Process Of the Driver-playermentioning

confidence: 99%

A Novelty for the Definition of Virtuous Economic Framework of the Italian Motorway Traffic Management: MPCA Model

Ferrarese¹

2015

aeb

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The precise and reliable assignment of parameters of the economic scenery, aimed at planning of motorway traffic, can not be separated from the analysis of the parameters of motorway safety as conflicting elements in the decision-making capacity management in "crisis conditions" due to natural events or as a cause of the job scheduling road maintenance. The fundamental problem for the concessionaire of the motorways lies in the quest for the best balance between motorway safety for driver-players and the revenue from tolls paid by owners of the vehicles? In fact, in case of a crisis due to accidental events or scheduled ones as the fixed and mobile road yards, the revenue of the company is changing. This study achieves the implementation of a management model of business revenue under crisis conditions. Through repeated field surveys we have built and calibrated an economic model -IT based -that offers immediate answers for the motorways' management. So, we present a new method for the economic balance of the motorway infrastructure, in the very short term.Keyword Motorway Safety-Loss Account-Motorway Management Model JEL Codes: R4, R15

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“…Other possible rules of this kind include maximising the upper expected gain (corresponding to an optimistic or ''bold'' attitude) or maximising a value in-between (Jaffray and Jeleva 2007). In this paper, the maximin rule is retained when a precise classification is needed, for it corresponds to a cautious attitude.…”

Section: Decision Rulesmentioning

confidence: 99%

A K-nearest neighbours method based on imprecise probabilities

Destercke

2011

Soft Comput

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K-nearest neighbours algorithms are among the most popular existing classification methods, due to their simplicity and good performances. Over the years, several extensions of the initial method have been proposed. In this paper, we propose a K-nearest neighbours approach that uses the theory of imprecise probabilities, and more specifically lower previsions. We show that the proposed approach has several assets: it can handle uncertain data in a very generic way, and decision rules developed within this theory allow us to deal with conflicting information between neighbours or with the absence of close neighbour to the instance to classify. We show that results of the basic k-NN and weighted k-NN methods can be retrieved by the proposed approach. We end with some experiments on the classical data sets.

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Information processing under imprecise risk with an insurance demand illustration

Cited by 16 publications

References 15 publications

Uncertainty in Through-Life Costing–-Review and Perspectives

Uncertainty in Through-Life Costing–-Review and Perspectives

A Novelty for the Definition of Virtuous Economic Framework of the Italian Motorway Traffic Management: MPCA Model

A K-nearest neighbours method based on imprecise probabilities

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