Reliability and Cost-Benefit Analysis for Two-Stage Intervened Decision-Making Systems with Interdependent Decision Units
This paper deals with a special type of voting systems, called two-stage intervened decision-making systems, in which the decision time of each decision unit will be a random variable and some supervising mechanism is included. A new decision rule is applied to such kind of systems, which makes the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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International Journal of Mathematical, Engineering and Management Sciences
2019-06-01
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| Series: | International Journal of Mathematical, Engineering and Management Sciences |
| Subjects: | |
| Online Access: | https://www.ijmems.in/assets/43-ijmems-19-218-vol.-4%2c-no.-3%2c-531%e2%80%93541%2c-2019.pdf |
| Summary: | This paper deals with a special type of voting systems, called two-stage intervened decision-making systems, in which the decision time of each decision unit will be a random variable and some supervising mechanism is included. A new decision rule is applied to such kind of systems, which makes the decision units become interdependent from each other. The reliability and cost-benefit models are developed. The optimization for the models is discussed and the optimal solution for a special case is also derived. A numerical example for model optimization is presented as well as some model comparison. Even though a specific application is used for model formulation and derivation throughout this paper, the modeling results can be easily modified and applied to many other systems. |
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| ISSN: | 2455-7749 2455-7749 |