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Unformatted text preview: l diagnosis and treatment: Physicians and pharmacologists must estimate the
most suitable treatments for patients in the face of uncertainty about the exact condition of
the patient or the eﬀectiveness of the various treatment options.
• Spread of infectious diseases: Centers for disease control need to decide whether to institute massive vaccination or other preventative measures in the face of globally threatening,
possibly mutating diseases in humans and animals.
3 4 CHAPTER 1. FOUNDATIONS
• Information system reliability and security: System designers must weigh the costs
and beneﬁts of measures for reliability and security, such as levels of backups and ﬁrewalls,
in the face of uncertainty about threats from equipment failures or malicious attackers.
• Evaluation of ﬁnancial instruments, portfolio management: Investors and portfolio
managers form portfolios and devise and evaluate ﬁnancial instruments, such as mortgage
backed securities and derivatives, to assess risk and payoﬀ in an uncertain ﬁ...
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This note was uploaded on 02/09/2014 for the course ISYE 2027 taught by Professor Zahrn during the Spring '08 term at Georgia Institute of Technology.
- Spring '08
- The Land