Current Search: WONSETLER, ELIZABETH ANN. (x)
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Title
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THE USE OF CERTAINTY EQUIVALENCE FOR LOCATION AND ECONOMIC GROWTH DECISIONS.
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Creator
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WONSETLER, ELIZABETH ANN., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
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Abstract/Description
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This study was prepared to analyze the use of the first-period certainty equivalence procedure in location decisions. Certainty equivalence is a mathematical technique which explicitly incorporates probablistic uncertainty in the decision making process. The feasible location of an international jetport which would service the South Florida region is used to illustrate this decision making technique.
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Date Issued
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1972
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PURL
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http://purl.flvc.org/fcla/dt/13473
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Subject Headings
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Decision-making--Mathematical models, Uncertainty (Information theory)
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Format
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Document (PDF)
