August 2004
Intermediate to advanced
656 pages
15h 28m
English
Content preview from Return on Software: Maximizing the Return on Your Software Investment
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Chapter 24. Decision Making Under Risk
Sometimes an organization knows, through past experience or some other means, what the probabilities of different estimates for the same alternative are. This is the case, for instance, when you know that the odds of winning $1 million in a lottery are 1 in 2.5 million, the odds of winning $10,000 are 1 in 52,000, the odds of winning $100 are 1 in 453, and so on. This chapter shows how to incorporate these probabilities into a decision analysis. When probabilities can't (or won't) be assigned to the possible outcomes, use the decision making under uncertainty techniques in Chapter 25. The following topics are covered in this chapter:
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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.