August 2004
Intermediate to advanced
656 pages
15h 28m
English
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The Payoff Matrix
The techniques for decisions under uncertainty are all based on a payoff matrix. The payoff matrix is simply a way of showing all the possible outcomes that need to be considered. One axis of the matrix is a list of the mutually exclusive alternatives. This set of alternatives should be built using the techniques in Chapter 9 and should account for dependencies and mutual exclusivities between the proposals as well as resource constraints.
The other axis of the matrix is a list of all the different states of nature that need to be considered. Each state of nature is a future outcome that the decision maker doesn't have any control over. In a custom software contract bid situation, the bidder doesn't have any control over whether ...
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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.