Reliability and Cost-Benefit Analysis for Two-Stage Intervened Decision-Making Systems with Interdependent Decision Units

• Main Authors: Tingnan Lin, Hoang Pham
• Format: Article
• Language: English
• Published: International Journal of Mathematical, Engineering and Management Sciences 2019-06-01
• Series: International Journal of Mathematical, Engineering and Management Sciences
• Subjects: Intervened decision systems; Interdependent systems; Voting systems; System reliability; System cost- benefit model
• Online Access: https://www.ijmems.in/assets/43-ijmems-19-218-vol.-4%2c-no.-3%2c-531%e2%80%93541%2c-2019.pdf

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.