Selected Mathematical Theories Underpinning Decision Models

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Copyright: 2016
Pages: 27
Source title: Decision Support for Construction Cost Control in Developing Countries
Source Author(s)/Editor(s): Chrispin Pettang (University of Yaoundé I, Cameroon), Marcelline Blanche Manjia (University of Yaoundé I, Cameroon)and F. Henry Abanda (Oxford Brookes University, UK)
DOI: 10.4018/978-1-4666-9873-4.ch005

Keywords: Business & Management / Business Science Reference / Decision Support Systems / Management Science

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Abstract

In Chapter 4, various decision support systems have been examined. The rational for Chapter 4 was to appraise the diiferent decision-support systems that have been used in construction without necessarily detailing the complexities and mathematical underpinnings. This chapter will provide the theory that underpins some selected decision support systems. These are regression models (RLM), artificial neural networks (ANN), Matrices, Markov decision processes (MDP) and the ontology rule-based decision support systems.

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