EVALUATING DECISION STRATEGIES FOR EQUITY OF PUBLIC RISKS.
Publication
, Journal Article
Keeney, RL; Winkler, RL
Published in: Operations Research
January 1, 1985
This paper defines a concept of ex ante risk equity to address the equity of the process and distinguishes this concept from the ex post risk equity of the fatalities. The paper indicates that an analyis of decision strategies addresses ex ante equity. In this context, both types of equity as well as loss of life are included in a von Neumann-Morgenstern utility model developed to evaluate public risks. This approach provides a method to investigate the implications of different value judgments in examining alternatives and illustrates an appropriate use of von Neumann-Morgenstern utility for problems involving social consequences such as public risks.
Duke Scholars
Published In
Operations Research
DOI
ISSN
0030-364X
Publication Date
January 1, 1985
Volume
33
Issue
5
Start / End Page
955 / 970
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics
Citation
APA
Chicago
ICMJE
MLA
NLM
Keeney, R. L., & Winkler, R. L. (1985). EVALUATING DECISION STRATEGIES FOR EQUITY OF PUBLIC RISKS. Operations Research, 33(5), 955–970. https://doi.org/10.1287/opre.33.5.955
Keeney, R. L., and R. L. Winkler. “EVALUATING DECISION STRATEGIES FOR EQUITY OF PUBLIC RISKS.” Operations Research 33, no. 5 (January 1, 1985): 955–70. https://doi.org/10.1287/opre.33.5.955.
Keeney RL, Winkler RL. EVALUATING DECISION STRATEGIES FOR EQUITY OF PUBLIC RISKS. Operations Research. 1985 Jan 1;33(5):955–70.
Keeney, R. L., and R. L. Winkler. “EVALUATING DECISION STRATEGIES FOR EQUITY OF PUBLIC RISKS.” Operations Research, vol. 33, no. 5, Jan. 1985, pp. 955–70. Scopus, doi:10.1287/opre.33.5.955.
Keeney RL, Winkler RL. EVALUATING DECISION STRATEGIES FOR EQUITY OF PUBLIC RISKS. Operations Research. 1985 Jan 1;33(5):955–970.
Published In
Operations Research
DOI
ISSN
0030-364X
Publication Date
January 1, 1985
Volume
33
Issue
5
Start / End Page
955 / 970
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics