November 2019
Intermediate to advanced
376 pages
9h 1m
English
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CHAPTER 15
Decision Trees and the Value of New Information
A decision tree is a graph that represents a decision problem. It can be easily generated from a project schedule. Decision trees are used to calculate the expected value or expected utility of an alternative and, as a result, they allow you to make a rational choice. Value-of-information analysis is a process that helps determine the price someone should pay to determine the actual value of an uncertainty.
What Is a Decision Tree?
Burglars usually lack good judgment, let alone any expertise in decision analysis. Case in point: Harry and Marv, the two would-be burglars in the movie Home Alone (1990). Based on how they selected their targets, it would be safe to say that neither has a ...
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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.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
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.