June 2013
Beginner
290 pages
10h 35m
English
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Prescriptive Decision Analysis 207
Alternative B
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Alternative A
Alternative C
Chance result B
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Chance result A
Chance result C
FIGURE 9.4
A decision node (left) and a chance node (right).
branches. The nodes represent the introduction of choice or chance into the
model, while branches depict the different options that can result from each
node. At the very end of the rightmos t level of branches are outcomes. The
set of branches that emerge from each node must be mutually exclusive and
collectively exhaustive.
The visual iconography of decision trees is relatively standardized, with
decision nodes represented by squares a nd chance nodes repres ...
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