INE 312 • Midterm II • Operations Research II

Conditioning Events

Total Probability Rule

Example 1

Example 2

Bayes' Rule

Bayes' Rule Example 1

Bayes' Rule Example 2

Introduction

A Decision Tree Example

Interpretation

EV or EMV

Example 1

Decision Strategies

Example 2

Risk Profiles

Example 3

Deterministic Dominance

Stochastic Dominance

Example 4

Introduction

Calculation of EVPI

Some notes about EVPI

Example EVPI

EVII or EVSI

Example EVII

Introduction

Different Risk Attributes

Example 1

Certainity Equivalent

Example 2

Introduction

Major Steps of AHP

Building the Hierarchy

Pairwise Comparison Matrix

Matrix Multiplication

Eigenvalue

Eigenvector

Eigenvalue - Eigenvector Method

Example - Building Hierarchical Tree

Example- Relative weights of the criteria

Example - Individual scores

Example - Synthesize the weights and scores

Consistency

Decision Trees and Sensitivity Analysis 1

Decision Trees and Sensitivity Analysis 2

Value of Information 1

Value of Information 2

Value of Information 3

Utility Theory 1

Utility Theory 2

Utility Theory 3

Utility Theory 4

AHP 1

AHP 2

AHP 3