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Mathematical decision theory models - PowerPoint PPT Presentation

Quantitative Analysis for Management

Quantitative Analysis for Management. Chapter 3 Fundamentals of Decision Theory Models. Chapter Outline. 3.1 Introduction 3.2 The Six Steps in Decision Theory 3.3 Types of Decision-Making Environments 3.4 Decision Making Under Risk 3.5 Decision Making Under Uncertainty

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940 views • 39 slides

Fundamentals of Decision Theory Models

Fundamentals of Decision Theory Models. Deciding Between Job Offers. Company A In a new industry that could boom or bust. Low starting salary, but could increase rapidly. Located near friends, family and favorite sports team . Company B

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404 views • 24 slides

DECISION THEORY

DECISION THEORY. Decision theory is an analytical and systematic way to tackle problems A good decision is based on logic. The Six Steps in Decision Theory. Clearly define the problem at hand. List the possible alternatives. Identify the possible outcomes.

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628 views • 17 slides

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Mathematical decision theory models - PowerPoint PPT Presentation

Quantitative Analysis for Management

Fundamentals of Decision Theory Models

DECISION THEORY