Decision Theory Introduction What makes the difference between good and bad decisions? Good decisions may be defined as: Based on logic, Considered all possible decision…

Slide 1Decision making under uncertainty 1 Slide 2 1.Components of decision making 2.Criteria for decision making 3.Utility theory 4.Decision trees 5.Posterior probabilities…

Data and Decision Making Decision Models TUGAS MATA KULIAH Oleh : Shinto K A (041143025) Dwi Mukti Kusumawijaya Dyah Isnaini Puspitasari (041143041) Ricko Mardinsyah Wahyu…

Introduction Many business problems contain uncertain elements that are impossible to suppress without losing the essence of the situation. In this chapter, we introduce…

Slide 1 Decision making under uncertainty 1 Components of decision making Criteria for decision making Utility theory Decision trees Posterior probabilities using Bayes’…