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Page 750
Frequently , one question to be addressed with decision analysis is whether to
make the needed decision immediately or to first do some testing ( at some
expense ) to reduce the level of uncertainty about the outcome of the decision .
Frequently , one question to be addressed with decision analysis is whether to
make the needed decision immediately or to first do some testing ( at some
expense ) to reduce the level of uncertainty about the outcome of the decision .
Page 769
Finally , we move left to fork a , a decision fork . Applying step 3 yields Fork a : Do
seismic survey has EP = 123 . No seismic survey has EP = 100 . 123 > 100 , so
choose Do seismic survey . This expected payoff of 123 now would be recorded ...
Finally , we move left to fork a , a decision fork . Applying step 3 yields Fork a : Do
seismic survey has EP = 123 . No seismic survey has EP = 100 . 123 > 100 , so
choose Do seismic survey . This expected payoff of 123 now would be recorded ...
Page 770
Terminal ( Academic ) Change to decision node Change to event node Paste
subtree Remove previous branch OK Options ... Branches One Two Three Four
Five Cancel Help Select ... TreePlan ... Decision ( Academic ) TreePlan ... Event ...
Terminal ( Academic ) Change to decision node Change to event node Paste
subtree Remove previous branch OK Options ... Branches One Two Three Four
Five Cancel Help Select ... TreePlan ... Decision ( Academic ) TreePlan ... Event ...
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Common terms and phrases
activity additional algorithm allowable amount apply assignment basic solution basic variable BF solution bound boundary called changes coefficients column complete Consider constraints Construct corresponding cost CPF solution decision variables demand described determine distribution dual problem entering equal equations estimates example feasible feasible region FIGURE final flow formulation functional constraints given gives goal identify illustrate increase indicates initial iteration linear programming Maximize million Minimize month needed node nonbasic variables objective function obtained operations optimal optimal solution original parameters path Plant possible presented primal problem Prob procedure profit programming problem provides range remaining resource respective resulting shown shows side simplex method simplex tableau slack solve step supply Table tableau tion unit weeks Wyndor Glass zero
Bibliographic information
| Title | Introduction to Operations Research, Volume 1 Introduction to Operations Research, Frederick S. Hillier McGraw-Hill series in industrial engineering and management science |
| Authors | Frederick S. Hillier, Gerald J. Lieberman |
| Edition | 7, illustrated |
| Publisher | McGraw-Hill, 2001 |
| Original from | the University of Michigan |
| Digitized | 8 Aug 2011 |
| ISBN | 0072416181, 9780072416183 |
| Length | 1214 pages |
| Export Citation | BiBTeX EndNote RefMan |