ISDS 361B - Spring 2012

WEEK 12

Topic for the week:   

    Test 2

    Decision Models

Contents:

• Payoff Table Analysis

• Decision-Making Criteria

• Expected Value of Perfect Information

• Bayesian Analysis - Decision Making with Imperfect Information

Lecture Materials:       

Power Point File

• DECISIONS -- Under Uncertainty

• DECISIONS -- Under Risk

 

Excel File

• Tom Brown Investment - Under Uncertainty

• Tom Brown Investment - Under Risk

Homework Assignment:

• Homework 7 - Questions

• Homework 7 - Solutions

Reading for Next Week

• LP: Chapter 9 - Queuing Models