March 2013
Beginner
148 pages
3h 18m
English
Content preview from Decision Analysis for ManagersBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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How to Develop a Tornado Graph
To develop a tornado graph, we complete the following steps:
• Make sure that each uncertainty is set to its base value (p50). Input each uncertainty’s p10 and p90, one at a time, into our deterministic model and record the resulting measure of value (usually we use NPV as our measure of value for the tornado graph).
• In a similar fashion, input each discrete variable as success and failure, one at a time, into the deterministic model and record the result.
• Compute the absolute value of the difference between the p90 and p10 resulting measure of value for each uncertainty.
• Compute the absolute value of the difference between the success and fail cases for each discrete variable.
• Rank the differences from ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.