In Volume 2: Probabilistic Models, author M. A. Mian presents the concepts of decision analysis, incorporating risk and uncertainty as applied to capital investments. In the expanded and updated second edition of Volume 2, Mian integrates new advancements and clarifies concepts to facilitate their understanding. Each topic is introduced, followed by a brief discussion related to its application in practice and a solved example. Includes a companion CD with applications, spreadsheets, and tables that expand the practical application of the book's material.Venn diagrams are utilized to solve probability problems. A Venn diagram gives a pictorial representation of sets (collections of objects) and how they are related. The concepts presented in this section are described in reference to the Vennanbsp;...

Title | : | Project Economics and Decision Analysis |

Author | : | M. A. Mian |

Publisher | : | PennWell Books - 2011 |

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