"Advances in Statistical Decision Theory and Applications" is a specialized book that addresses the latest developments in statistical decision theory and its applications. The editors, S. Panchapakesan and N. Balakrishnan, bring extensive experience and expertise in this field. The book provides an in-depth insight into the theories and methods that are significant for decision-making in various scientific and practical contexts. It is aimed at professionals, students, and researchers who engage with statistical models and their practical applications. The contributions come from recognized experts who illuminate advancements in ranking and selection theory as well as reliability theory. This book is a valuable resource for anyone seeking a deeper understanding of statistical decision-making.