PPT-Decision Analysis Chapter 16: Hillier and Lieberman

Chapter 11 Decision Tools for Agribusiness Dr Hurleys AGB 328 Course Terms to Know Alternative State of Nature Payoff Payoff Table Prior Distribution Prior Probabilities Maximin Payoff Criterion Maximum Likelihood Criterion Bayes Decision Rule Crossover Point Joint Probabilities Posterior Probabilities Probability Tree Diagram Expected Value of Perfect Information Expected Value of Experimentation Nodes. Hillier Hall Key Information Seating Capacity: 104 Kitchen Accessible Stage Lighting HILLIER HALL 18560 Loyalist Parkway History of Hillier Town Hall Hillier Town Hall was built in 1867 and is the s Alternatives and States of Nature. Good Decisions vs. Good Outcomes. Payoff Matrix. Decision Trees. Utility Functions. Decisions under Uncertainty. Decisions under Risk. Decision Analysis - Payoff Tables. A . decision tree. is a graphical representation of every possible sequence of decision and random outcomes (states of nature) that can occur within a given decision making problem.. A decision tree is composed of a collection of nodes (represented by circles and squares) interconnected by branches (represented by lines).. Hillier M. 1,. & Crisp G. 2. 1. Teaching and Education Development Institute, . University of Queensland, Australia. 2. RMIT University, Australia. Contact Presenter: Dr Mathew Hillier m.hillier@uq.edu.au. Devices: Looking at THREE of the devices that advertisers use to sell . their products.. Slogans. Facts/Statistics. 8 out of 10 owners said their cats preferred it…. 98% of people asked said they liked it… . Lloyd Hillier’s tenacity has resulted in great entrepreneurial success in the most remote parts of Newfoundland and Labrador. Lloyd moved to Labrador from Quirpon on the Northern Peninsula Hillier M. 1,. & Crisp G. 2. 1. Teaching and Education Development Institute, . University of Queensland, Australia. 2. RMIT University, Australia. Contact Presenter: Dr Mathew Hillier m.hillier@uq.edu.au. Alternatives and States of Nature. Good Decisions vs. Good Outcomes. Payoff Matrix. Decision Trees. Utility Functions. Decisions under Uncertainty. Decisions under Risk. Decision Analysis - Payoff Tables. Quantitative . Analysis and Decision Making. Quantitative Analysis. Model Development. Software Packages . Operations Research. The body of knowledge involving quantitative approaches to decision making is referred to as . SLIDE . 1. CHAPTER OUTLINE. 28.1. Overview of the Development Decision-Making Process . The Trend Towards Greener Development. 28.2. Basic Information: Enumerating Project Costs and Benefits. 28.3. Chapter 5: Decision Structures. 2. Objectives. Use . the . GroupBox. object. Place . RadioButton. objects in . applications. Display a message box. Make decisions using If…Then statements. Make decisions using If…Then…Else statements. . Academics and . Traditional Finance. Investors Behave Rationally!. Complete Exploitation of Information. Sound Reasoning. People are Unbiased in Their Predictions About the Future. Traditional Finance. Baba Maiyaki Musa . MBBS MPH FWACP. At the end of this module the student will be able to : . describe a nonclinical work-related decision.. Describe who makes the decision, what actions are possible, what the resulting. Good Decisions vs. Good Outcomes. Payoff Matrix. Decision Trees. Utility Functions. Decisions under Uncertainty. Decisions under Risk. Decision Analysis - Payoff Tables. Case Problem - (A) p. 38. Decision Analysis - Payoff Tables.