Reliability and cost-benefit analysis for two-stage intervened decision-making systems with interdependent decision units

Tingnan Lin, Hoang Pham

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)531-541
Number of pages11
JournalInternational Journal of Mathematical, Engineering and Management Sciences
Volume4
Issue number3
DOIs
StatePublished - 2019

ASJC Scopus subject areas

  • Computer Science(all)
  • Mathematics(all)
  • Business, Management and Accounting(all)
  • Engineering(all)

Keywords

  • Interdependent systems
  • Intervened decision systems
  • System cost- benefit model
  • System reliability
  • Voting systems

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