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MGS 3100 Business Analysis Decision Analysis Nov 1, 2010

MGS 3100 Business Analysis Decision Analysis Nov 1, 2010 Decision Analysis Agenda Problems Decision Analysis Open MGS3100_06Decision_Making.xls Decision Alternatives Your options - factors that you have control over A set of alternative actions - We may chose whichever we please

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909 views • 24 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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277 views • 21 slides

Decision Analysis

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368 views • 21 slides

Decision Analysis

Decision Analysis. Professor Ahmadi. Decision Analysis Chapter Outline. Structuring the Decision Problem Decision Making Without Probabilities Decision Making with Probabilities Expected Value of Perfect Information. Structuring the Decision Problem.

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291 views • 20 slides

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Maximum regret - PowerPoint PPT Presentation

MGS 3100 Business Analysis Decision Analysis Nov 1, 2010

Decision Analysis

Decision Analysis

Decision Analysis