Class 11 9-26

Class 11 9-26 - Click to edit Master subtitle style Class...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Click to edit Master subtitle style Class 11 Project Evaluation ISE 2014 Fall 2011 Exam Feedback What did you think? Time to Transition Everything up to Exam 1 Introducing tools Mastering their use Everything after Exam 1 Applying tools to decision-making What Kind of Decisions? Should we pursue this project? Is it profitable? Is it profitable enough? Which of these projects should we pursue? Which is most profitable? Should We Pursue This Well start here for the next week or two We are going to use the exact same tools you just studied Were basically asking whether the equivalent value is positive Equivalent Value Positive & Profitable Equivalent Value Negative Unprofitable Should We Pursue This What if we change the question slightly: Is this project profitable enough ? Just because money is made doesnt mean everyone is satisfied Lets try an experiment and see if we can test this Game Theory This is a classic experiment from game theory Two students are going to play our game A box of cookies is on the line The first student must choose a method of splitting the cookies between them The second student can accept or reject this Game Theory...
View Full Document

This note was uploaded on 10/04/2011 for the course ISE 2014 at Virginia Tech.

Page1 / 23

Class 11 9-26 - Click to edit Master subtitle style Class...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online