Decision trees and sub sequential decisions, Mathematics

Assignment Help:

Decision Trees And Sub Sequential Decisions

A decision tree is a graphic diagram of different decision alternatives and the sequence of events like if they were branches of a tree.

- The symbol Circle and Rectangle  shows the decision point and the situation of uncertainty or event respectively.  The node depicted by a square is a decision node when outcome nodes are depicted by a circle.

- Decision nodes: points whereas choices exist between managerial and alternatives decisions are made based on estimates and calculations of the returns expected.

- Outcome nodes are points whereas the events depend on probabilities

                                                                              Demonstration of a tree diagram

                                                          88_Decision Trees And Sub Sequential Decisions.png

 

 

For illustration 111 represents the payoff of the act event combination A1 - E1 - B1

When probabilities of different events are known they are written along the corresponding branches. Joint probabilities are acquired by multiplying the probabilities along the branches


Related Discussions:- Decision trees and sub sequential decisions

Calculus, I need help fast with my calculus work

I need help fast with my calculus work

Chi-square test, my question involves frequencies less than five and i cann...

my question involves frequencies less than five and i cannot aggregate the data, what do i use instead of the chi-square test?

Earning money, Terry earns $680 per week. He is entitled to 4 weeks annual ...

Terry earns $680 per week. He is entitled to 4 weeks annual leave and receives an additional holiday loading of 17.5%. Calculate his total pay for this holiday period.

Multiple integrals, how to convert double integral into polar coordinates a...

how to convert double integral into polar coordinates and change the limits of integration

Prime factors, I need help with prime factors.

I need help with prime factors.

Time and Work, A and B can finish a piece of work in 16 days and 12 days re...

A and B can finish a piece of work in 16 days and 12 days respectively.A started a work and worked at it for 2 days.He was then joined by B.Find the total time taken to finish the

What is the probability in which she gets heads further flip, Jennifer ?ipp...

Jennifer ?ipped a coin three times and got heads each time. What is the probability in which she gets heads on the further ?ip? The probability of heads does not modify based o

Monotonic, Monotonic, Upper bound and lower bound Given any sequence {a...

Monotonic, Upper bound and lower bound Given any sequence {a n } we have the following terminology: 1.   We call or denote the sequence increasing if a n n+1 for every n.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd