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Observation Value Analysis – Integral Part of Bayesian Diagnostics

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 conditions of uncertainty. Regarding above, a detailed subject of the research is to analyze the value of the observation, which is a part of preposterior analysis. For the presented network, the main objective was to determine, conducting of which of three tests is the most valuable from the perspective of determining possible need or possibility to omission expensive technical expertise. The basis of verification, which test is the most valuable, is therefore the comparison of expected value of sample information (EVSI) for each of the three tests.

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DOI
Digital Object Identifier link open in new tab 10.1016/j.proeng.2015.10.053
Category
Aktywność konferencyjna
Type
materiały konferencyjne indeksowane w Web of Science
Language
angielski
Publication year
2015

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