Extra Problem 11 - Sensitivity Analysis - PROFIT 20,000...

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EMSE 269 - Elements of Problem Solving and Decision Making Instructor: Dr. J. R. van Dorp 1 EXTRA PROBLEM 11: SENSTIVITY ANALYSIS Consider the following decision tree: (p) (q) (p) (q) (0.2) (0.2) Option A Option B Option C Outcome 1 Outcome 2 Outcome 3 Outcome 1 Outcome 2 Outcome 3
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Unformatted text preview: PROFIT 20,000 2,000-8,000 8,000 6,000-2,000 5,000 A. Draw a strategy region diagram for the ranges and ! : " ! ; " B. When pressed the decision maker is sure that .3 0.7, .1 0.4. ! : ! ; Can he/she make a decision?...
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