Decision trees and sub sequential decisions, Mathematics

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

Posted Date: 2/19/2013 4:34:26 AM | Location : United States







Related Discussions:- Decision trees and sub sequential decisions, Assignment Help, Ask Question on Decision trees and sub sequential decisions, Get Answer, Expert's Help, Decision trees and sub sequential decisions Discussions

Write discussion on Decision trees and sub sequential decisions
Your posts are moderated
Related Questions
What is a five number summary?

how many words can be formed from letters of word daughter such that each word contain 2vowles and 3consonant

Compute the volume and surface area of a right circular cone: Compute the volume and surface area of a right circular cone along with r =  3", h = 4", and l = 5".  Be sure to

Example 1: Multiply 432 by 8. Solution:        432 ×        8 --------------       3,456 In multiplying the multiplier in the units column to the multiplica

If p=10 when q=2,find p when q=5

uses of vector in daly life

a. Cassie has seven skirts, five blouses, and ten pairs of shoes. How many possible outfits can she wear? b. Cassie decides that four of her skirts should not be worn to school.

regression and correlation analysis on income and expenditure

how do you find the length of a parallel line connecting two external circles of different sizes from the outside, given the value of both radius and one parallel line.

Find out if the following set of vectors are linearly independent or linearly dependent. If they are linearly dependent get the relationship among them. Solution : Ther