Risk Assessment and Decision Analysis with Bayesian Networks

Risk Assessment and Decision Analysis with Bayesian Networks

Norman Fenton, Martin Neil

Although many Bayesian community (BN) functions at the moment are in daily use, BNs haven't but completed mainstream penetration. concentrating on functional real-world challenge fixing and version construction, instead of algorithms and thought, Risk Assessment and choice research with Bayesian Networks explains the right way to comprise wisdom with info to boost and use (Bayesian) causal types of threat that offer robust insights and higher selection making.

  • Provides all instruments essential to construct and run lifelike Bayesian community models
  • Supplies vast instance types in line with actual probability review difficulties in a variety of software domain names supplied; for instance, finance, security, platforms reliability, legislation, and more
  • Introduces all useful arithmetic, likelihood, and information as needed

The ebook first establishes the fundamentals of likelihood, threat, and construction and utilizing BN types, then is going into the special functions. The underlying BN algorithms look in appendices instead of the most textual content considering the fact that there isn't any have to comprehend them to construct and use BN versions. maintaining the physique of the textual content freed from intimidating arithmetic, the publication offers pragmatic recommendation approximately version construction to make sure versions are outfitted efficiently.

A committed web site, www.BayesianRisk.com, comprises executable models of the entire types defined, workouts and labored strategies for all chapters, PowerPoint slides, a number of different assets, and a loose downloadable reproduction of the AgenaRisk software.

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