An Evidential Measure of Risk in Evidential Markov Chains

This paper provides a new method for computing a risk criterion for decision-making in systems modelled by an Evidential Markov Chain (EMC), which is a generalization to the Dempster-Shafer’s Theory of Evidence [1]: it is a Markov chain manipulating sets of states instead of the states themselves. A cost is associated to each state. An evidential risk… CONTINUE READING