Sentence examples for the probability and utility of from inspiring English sources

Each product specifies the probability and utility of a possible outcome.

Specifically, we used a beta distribution for the probabilities and utilities of the model and a log-normal distribution for the costs.

In other words, they differ as to which transformations of the probability and utility functions are allowable.

The construction of such decision aids would require estimates of both the probability and the utility of each adverse outcome under consideration.

The probability and quality-of-life weighting (utility) of outcomes were estimated from published data and population statistics.

Beliefs and desires are, at the end of the day, probability and utility functions.

Gamma distributions were used for costs, except for treatment costs in which we applied deterministic costs, while beta-distributions were applied for all probabilities and utilities of the model.

Likelihood ratios can be treated much like un-normalized probability distributions, greatly extending the applicability and utility of likelihood statistics.

This chapter presents the use of modeling of pitting corrosion and corrosion fatigue of aluminum alloys to illustrate the process of science based probability modeling and demonstrates the efficacy, and utility of the approach for estimating the evolution, and distribution of damage for LCEM of engineered systems.

For example, the knowledge used by a decision-theoretic system (e.g., probabilities and utilities of outcome states) can be converted into knowledge used by a condition-action rule systems.

It uses probabilities and utilities of an option's possible outcomes to define an option's expected utility.