This paper considers the consequences of errors in the cost function which underlies linear decision rules generally and in particular those developed by Holt, c.s., for the paint factory case. By ...

This is a preview. Log in through your library . Abstract Nonstationary infinite-horizon Markov decision processes (MDPs) generalize the most well-studied class of sequential decision models in ...

There are two main approaches to decision making in business. The rational approach based on logic and analysis is favored by many business schools. In practice, most decisions are made using an ...

Many organizations implementing AI agents tend to focus too narrowly on a single decision-making model, falling into the trap of assuming a one-size-fits-all decision-making framework, one that ...