Available online at www.sciencedirect.com Procedia - Social and Behavioral Sciences 53 (2012) 106 – 114 SIIV - 5th International Congress - Sustainability of Road Infrastructures Using Decision Trees to extract Decision Rules from Police Reports on Road Accidents López Griseldaa*‚ de Oña Juanb and Abellán Joaquínc a Ph. D. Student. TRYSE Research Group. Department of Civil Engineering‚ University of Granada‚ ETSI Caminos‚ Canales y Puertos‚ c/Severo Ochoa s/n‚ 18071‚ Granada‚ Spain a Ph. D.
Premium Tree Regression analysis Decision tree
Assignment Form |Course: | Data‚ Model and Decision | |Instructor: | Dr. Feng Haolin | |Homework: |Decision Analysis | |Name: | Group 1. Li Yuechuan/ Pankaj Malhotra/ Liang Yuan/
Premium Decision theory Decision tree
1 PROBABILISTIC APPROACHES: SCENARIO ANALYSIS‚ DECISION TREES AND SIMULATIONS In the last chapter‚ we examined ways in which we can adjust the value of a risky asset for its risk. Notwithstanding their popularity‚ all of the approaches share a common theme. The riskiness of an asset is encapsulated in one number – a higher discount rate‚ lower cash flows or a discount to the value – and the computation almost always requires us to make assumptions (often unrealistic) about the nature of risk
Premium Decision theory Risk Net present value
Decision Tree A decision tree is a schematic tree shaped diagram which is used to determine a course of action or statistical probability. Each branch of the decision tree represents a possible decision or occurrence. A decision tree is important to use when planning the festival because we be able to see all of the possible outcomes for all of the options before investing and going ahead with them. From the decision tree we will be able to see how much can be made and how much can be lost when investing
Premium Decision theory Decision making Risk
DQ 2 Expected Values and Decision Trees contains: From the end of Chapter 8‚ consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4‚ then complete Problem 5. First‚ draw the decision tree for Arktec Manufacturing. When drawing your tree‚ assume that managers must select a capacity option before they know what the demand level will actually be. Then‚ calculate the expected value for each decision branch. Which option would
Premium Decision tree Tree Expected value
What did you do? To get a deeper insight into creating decision trees on the laptop‚ I started to inform myself about possible supporting tools that can be used. As I am using an Apple MacBook‚ I found out that the software “XMind” cannot just help for drawing decision trees‚ but also for developing flowing charts‚ mind maps or to-do-lists. I thought about using Microsoft Excel as a tool for sorting the data. However‚ I finally looked up the necessary information in the given table without using
Premium Decision theory Decision engineering Decision making
A M BORISON Applied Decision Analysis. Inc. 27W Sand Hill Road Mcnio Park. California 94025 Oglethorpe Power Corporation (OPC) provides wholesale power to consumer-owned distribution cooperatives in Georgia. Late in 1990‚ OPC managers learned that Florida Power Corporation wanted to expand its connections to Georgia with another transmission line. To decide whether to build this line‚ OPC worked with Applied Decision Analysis‚ Inc. to conduct a comprehensive decision analysis in less than two
Premium Decision theory Electricity generation
Decision Tree Psy/410 The scenario chosen for this portfolio involves a woman seeking help with her addiction to methamphetamines. She wants to free her life from drugs but does not know how or where to start. Missouri offers several organizations and hotlines to help individuals get clean and sober. Center for addictions‚ SIGMA house‚ and Carol Jones alternative opportunities are all rehabilitation centers that offer both in and outpatient treatment. The Burrell center has a collaboration of
Premium
BUAD820 – Case 2 Merck Case Decision Tree and Analysis Presented By – Sridevi Chennuri Nuray Coban Subhashini Reddy Merck & Company :Evaluating a Drug Licensing Opportunity • Background - Merck & Company : •In 2000‚ it was a global research-driven pharmaceutical company that discovers‚ develop‚ manufactures and markets a broad range of human and animal health products‚ directly and through its joint ventures‚ and provides pharmaceutical benefit management services through Merck-Medco Managed Care
Premium Clinical trial Decision tree Expected value
marketing‚ distribution‚ and sales of new drugs. This task is better suited for a larger company‚ such as Merck‚ which has more resources and money. 2. Build a decision-tree that shows the cash flows and probabilities at all stages of the FDA approval process. Since the EMV of the decision tree is positive‚ Merck should license Davanrik. From consolidated income statement‚ we could calculate the retained earnings as a percentage of income before taxes. Retained earnings as a percentage of PBT
Premium Expected value License Money