Decision Analysis - 3/ Decision Tree/Decision node/Outcome node/Terminal node
Автор: EduceTube
Загружено: 2020-07-24
Просмотров: 1656
Описание:
We use decision tree to model decision problems under risk. All decision trees contain:
o Decision node
o Outcome node
o Terminal node
We analyze decision tree by folding back the tree.
At each outcome node we calculate the expected monetary value (EMV)
At each decision node select the alternative with the best expected monetary value (EMV)
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#Decision_Tree #Decision_Analysis #EMV #YouTube
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