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Rank-Dependent Expected Utility Game Analysis of Public-Private Partnership Project Operation Supervision Considering the Influence of Emotion
Public-private partnership (PPP) projects have been widely adopted in infrastructure construction. Owing to the professional operation capabilities...
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Risk Assessment in Industry Using Expected Utility: An Application to Accidents’ Risk Analysis
Expected utility theory can be relevant for decision-making under risk, when different preferences should be taken into account. The goal of this...
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Risk assessment with multi-attribute utility theory for building projects
Construction has a complex environment, surrounded by ambiguous or incomplete information, with multiple goals and various stakeholders. In this...
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Prioritization of Flexible Pavement Sections for Maintenance Using Multi-criteria FAHP Integrated with Multi-attribute Utility Theory
Prioritizing maintenance activities is a common practice in pavement maintenance planning. Pavement maintenance and repair are costly activities, and...
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Development of a Flexible Pavement Condition Rating Model Using Multi-attribute Utility Theory
Asphalt pavement surfaces deteriorate fast due to poor maintenance planning and implementation, use of inappropriate decision tools, and...
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Expected utility operators and coinsurance problem
The expected utility operators introduced in a previous paper offer a framework for a general risk aversion theory, in which risk is modeled by a...
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Numerical Simulation-Based Performance Assessment of Pile Group Placed over Buried Utility Tunnel
With expanding urban and infrastructure development, when everything is going underground in the form of buried conduit and utility tunnel, a...
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Microgrids Planning to Mitigate Utility Net-Load Ram**
The outage of the photovoltaic and load increase in the evening hours causes the steep ramp in the utility load curve. This paper investigates a...
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Opening Borders. Peru’s Expected Utility on Venezuelan Immigration: A Social Network Analysis
An exodus, a consequence of political, economic, and social dissatisfaction, has driven more than 4.6 million of Venezuelans to leave their country...
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Analyzing Cascading Failures and Blackouts Using Utility Outage Data
Historical utility data for cascading failure and large blackouts is foundational for understanding and quantifying blackouts. This chapter surveys...
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The probabilistic hesitant fuzzy TOPSIS method based on the regret theory and its application in investment strategy
The technique for order preference by similarity to ideal solution (TOPSIS) is a popular multi-attribute decision making method. However, the...
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Paratransit Utility and Mode Choice Modelling: A Review
Primary objective of the review is to understand the prevailing paratransit modes and various mode choice models. This article describes to study and...
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Bilevel Approach for E-Bidding Auction with Regret Theory
In e-price bid auctions, we construct an auction model using regret decision theory to explain how a bidder decides his bidding price. The...
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Utility Functions and Radio Resource Allocation
This chapter introduces application utility functions as mathematical models to quantify the smart devices application QoS, discusses the logarithmic...
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Solving hesitant fuzzy linguistic matrix game with regret theory
It is convenient and effective for the two players playing a finite game to describe their utility values using qualitative linguistic information...
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Stable Two-Sided Satisfied Matching for Hospitals and Patients Based on the Disappointment Theory
With the global spread of COVID-19 and the shortage of medical resources, the key to improve the quality of medical services is to solve the problem...
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Handling Uncertainty in Artificial Intelligence
This book demonstrates different methods (as well as real-life examples) of handling uncertainty like probability and Bayesian theory,...
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Evolution of Feasibility Prediction Theory
In this chapter, the background and the evolution process of the Feasibility Prediction Theory (FPT) that plays the leading role in this book is...
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Consumer’s Optimal Decision and the Role of Insurance in the Risk State—An Analytical Perspective Based on the Expected Utility Function
This paper starting from the hypothesis of “rational economic man”, establishes a simple insurance decision model and combines the expected utility...
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The efficiency analysis of two-stage dynamic interval DEA model incorporating cumulative prospect theory: an application to Indian airlines
The intrinsic features of decision-making units (DMUs) are overlooked by conventional radial data envelopment analysis (DEA) models, which measure...
