Defining Risk Limits, Marginal Value, and Trade-Offs in Health Security Decisions

Gilberto Montibeller

doi:10.1007/978-3-030-98132-7_6

Defining Risk Limits, Marginal Value, and Trade-Offs in Health Security Decisions

Gilberto Montibeller^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Judgments are always required in conditions of high uncertainty and in decisions with conflicting objectives. In this chapter we discuss three types of judgments that are required in health security decisions: defining risk limits for levels of impact, establishing marginal value over relevant consequences, and determining trade-offs among conflicting objectives. We emphasize here the importance of adopting clear and adequate protocols for how these judgments should be made and debiased, protocols that are presented in this chapter. Reliable and debiased judgements by decision makers and experts, which are also sound and thoughtful, prove crucial for high-quality decision making.

Original language	English
Title of host publication	International Series in Operations Research and Management Science
Publisher	Springer
Pages	177-228
Number of pages	52
DOIs	https://doi.org/10.1007/978-3-030-98132-7_6
State	Published - 2022
Externally published	Yes

Publication series

Name	International Series in Operations Research and Management Science
Volume	328
ISSN (Print)	0884-8289
ISSN (Electronic)	2214-7934

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

ASJC Scopus subject areas

Software
Computer Science Applications
Strategy and Management
Management Science and Operations Research
Applied Mathematics

Access to Document

10.1007/978-3-030-98132-7_6

Cite this

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Defining Risk Limits, Marginal Value, and Trade-Offs in Health Security Decisions. / Montibeller, Gilberto.
International Series in Operations Research and Management Science. Springer, 2022. p. 177-228 (International Series in Operations Research and Management Science; Vol. 328).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Defining Risk Limits, Marginal Value, and Trade-Offs in Health Security Decisions

Abstract

Publication series

Bibliographical note

ASJC Scopus subject areas

Access to Document

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Cite this