'Minimax regret' diaporamas de présentation

Chapter 12 & Module E

Chapter 12 & Module E. Decision Analysis & Game Theory. Components of Decision Making (D.M.). Decision alternatives - for managers to choose from. States of nature - that may actually occur in the future regardless of the decision.

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Managerial Decision Modeling with Spreadsheets

Managerial Decision Modeling with Spreadsheets. Chapter 8 Decision Theory. Learning Objectives. List steps of decision making process. Describe different types of decision making environments. Make decisions under uncertainty when probabilities are not known.

954 views • 65 slides

EMGT 501 HW Solutions Chapter 12 - SELF TEST 9 Chapter 12 - SELF TEST 18

EMGT 501 HW Solutions Chapter 12 - SELF TEST 9 Chapter 12 - SELF TEST 18 12-9 a. b. c. d. e. f. 12-18 a. b. e. Chapter 14 Decision Analysis Problem Formulation Decision Making without Probabilities Decision Making with Probabilities Risk Analysis and Sensitivity Analysis

1.26k views • 63 slides

Introduction to Decision Analysis

Introduction to Decision Analysis. The field of decision analysis provides framework for making important decisions. Decision analysis allows us to select a decision from a set of possible decision alternatives when uncertainties regarding the future exist.

848 views • 60 slides

Chapter 12 Decision Analysis

Introduction to Management Science 8th Edition by Bernard W. Taylor III. Chapter 12 Decision Analysis. Chapter Topics. Components of Decision Making Decision Making without Probabilities Decision Making with Probabilities Decision Analysis with Additional Information Utility.

2.16k views • 57 slides

Spreadsheet Modeling & Decision Analysis

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Spreadsheet Modeling & Decision Analysis

698 views • 56 slides

Chapter 13 Decision Analysis

Chapter 13 Decision Analysis. Problem Formulation Decision Making without Probabilities Decision Making with Probabilities Risk Analysis and Sensitivity Analysis Decision Analysis with Sample Information Computing Branch Probabilities. Problem Formulation.

1.38k views • 52 slides

Decision Rules

703 views • 49 slides

Chapter 4

Chapter 4. Decision Analysis. Chapter 4 Decision Analysis. Problem Formulation Decision Making without Probabilities Decision Making with Probabilities Risk Analysis and Sensitivity Analysis Decision Analysis with Sample Information Computing Branch Probabilities.

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Topic 2. DECISION-MAKING TOOLS

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Topic 2. DECISION-MAKING TOOLS

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Chapter 7 Decision Analysis

Chapter 7 Decision Analysis. Problem Formulation Decision Making without Probabilities Decision Making with Probabilities Risk Analysis and Sensitivity Analysis. Problem Formulation. A decision problem is characterized by decision alternatives, states of nature, and resulting payoffs.

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Regret Minimizing Equilibria of Games with Strict Type Uncertainty

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Decisions I

Decisions I. Risk and Decision Strategies. 1. Principles of effective decision-making:. How do individual incentives relate to organization goals? When is it worthwhile to get more information? How much weight should you put on future options?

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DECISION THEORY

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Decision Analysis

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Decision Analysis

Decision Analysis. What is Decision Analysis?. The process of arriving at an optimal strategy given: Multiple decision alternatives Uncertain future events (chance events) The consequences associated with each decision alternative and each chance event.

335 views • 22 slides

Decision Analysis

Decision Analysis. Basic Terms. Decision Alternatives (eg. Production quantities) States of Nature (eg. Condition of economy) Payoffs ($ outcome of a choice assuming a state of nature) Criteria (eg. Expected Value). What kinds of problems?. Alternatives known

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Decision Analysis

Decision Analysis. How to make decisions when faced with uncertain or imperfect information. Definitions: States of Nature - future events not under the decision makers control Alternatives - different courses of action intended to solve a problem

871 views • 12 slides