Observation Value Analysis – Integral Part of Bayesian Diagnostics

• Published in: Procedia engineering Vol. 123; pp. 24 - 31
• Main Authors: Apollo, Magdalena, Kembłowski, Marian W.
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 2015
• Subjects: Bayesian networks; decision theory; expected value; preposterior analysis; decision theory; Bayesian networks; preposterior analysis; expected value

The decision making process, in general, is understood as a process of selecting one of the available solutions to the problem. One of possible approaches supporting the process is Bayesian statistical decision theory providing a mathematical model to make decisions of a technical nature in conditio...