are factors that are important (relevant) to resolving the problem
Anonymous Quiz
10%
Decision
32%
Decison making
58%
Decision criteria
Appraising each alternative’s strengths and weaknesses
Anonymous Quiz
44%
Allocating Weights to the Criteria
56%
Analyzing Alternatives
An alternative’s appraisal is based on its ability to resolve the issues identified in steps 2 and 3.
*Step 2: Identifying Decision Criteria*
*Step 3: Allocating Weights to the Criteria*
*Step 2: Identifying Decision Criteria*
*Step 3: Allocating Weights to the Criteria*
Anonymous Quiz
59%
T
41%
F
Non programmed decision: A repetitive decision that can be handled by a routine approach
Anonymous Quiz
42%
T
58%
F
Approving capital budget is an example of
Anonymous Quiz
55%
programmed decision
45%
non-programmed decision
in decision making under uncertainty :
probabilities can be assigned to the occurrence of states of nature in the future
probabilities can be assigned to the occurrence of states of nature in the future
Anonymous Quiz
42%
T
58%
F
The states of nature are the different possible strategies the decision maker can employ
Anonymous Quiz
57%
T
43%
F
In a Payoff Table :
The rows correspond to the possible decision alternatives.
The columns correspond to the possible future events (States of Nature). The body of the table contains the payoffs.
The rows correspond to the possible decision alternatives.
The columns correspond to the possible future events (States of Nature). The body of the table contains the payoffs.
Anonymous Quiz
78%
T
22%
F
Payoffs can be expressed in terms of profit, cost, time, distance or any other appropriate measure.
Anonymous Quiz
83%
T
17%
F
Each decision tree has two types of nodes; round nodes correspond to the .......... while square nodes correspond to the .........
Anonymous Quiz
72%
states of nature - decision alternatives
28%
decision alternatives - states of nature
Hurcwiz represents choosing a decision in which each state of nature is weighted equally
Anonymous Quiz
53%
T
47%
F
Choosing a decision in which decision payoffs are weighted by a coefficient of optimism, alpha
Anonymous Quiz
56%
Hurcwiz
19%
Equally Likelihood
25%
maximax
in the optimistic approach If the payoff table was in terms of costs, the decision with the ..... cost would be chosen.
Anonymous Quiz
64%
lowest
36%
highest
in the optimistic approach If the payoff table was in terms of profits, the decision with the ..... profit would be chosen.
Anonymous Quiz
17%
lowest
83%
highest
If probabilistic information regarding the states of nature is available, one may use the expected value (EV) approach
Anonymous Quiz
83%
T
17%
F
The expected value of perfect information (EVPI) is the increase in the expected profit that would result if one knew with certainty which state of nature would occur.
Anonymous Quiz
80%
T
20%
F
الرسالة دي لو حد عنده تعليق/ استفسار على اي سؤال فوق مش مفتوح التعليقات فيه
Derived Channel
Each decision tree has two types of nodes; round nodes correspond to the .......... while square nodes correspond to the .........
تسهيل لحفظ المعلومة دي
Square node الـ
اللي هو بيمثل الـ
decision alternatives
فانت فرضا يعني ان المشكلة اللي عندك أصلا انك عايز تشتري لابتوب، فتخيل بإن في مربع كبير كدا على كل زاوية من زواياه هتلاقي نوع لابتوب مختلف، انما الشكل الدائري مينفعش تحط عليه اللابتوب عشان هيقع :-)
Square node الـ
اللي هو بيمثل الـ
decision alternatives
فانت فرضا يعني ان المشكلة اللي عندك أصلا انك عايز تشتري لابتوب، فتخيل بإن في مربع كبير كدا على كل زاوية من زواياه هتلاقي نوع لابتوب مختلف، انما الشكل الدائري مينفعش تحط عليه اللابتوب عشان هيقع :-)