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SEO Keyword summary for www.slideshare.net/slideshow/decision-theory-66766212/66766212
Keywords are extracted from the main content of your website and are the primary indicator of the words this page could rank for. By frequenty count we expect your focus keyword to be decision
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Short Tail Keywords decision theory making |
long Tail Keywords (2 words) making under decision theory decision making decision maker decision-making under |
long Tail Keywords (3 words) decision making under courses of action model and assignment maximisation vs wealth state of nature 19 decision-making under vs wealth maximisation |
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decision theory ppt
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decision theory download pdf view online free
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slideshare scribd company logo kuldeep mathur mathurmba jiwaji university gwaliordecision theory definitiona process selecting act out severalavailable alternative courses action judgedto best according some predetermined criteria objectivethe main aim decision help thedecisionmaker course ofaction from amongst available structure makingdecision makerthe maker refers individual agroup individuals responsible making thechoice appropriate actionamongst actioncourses actionthe alternatives strategiesare acts are decisionmakerexample number units particularitem ordered stock states nature outcomesthe events identify occurrence areoutside makers control whichdetermine level success given actexample market demand aparticular itempayoffconditional profit valueseach combination astate associated payoff whichmeasures net benefit makerthat accrues decisionalternatives tablefor problem lists natureoutcomes set state natureand calculatedregret opportunity lossthe loss has been defined bethe difference between highest possibleprofit actual profitobtained particular taken types under certainty uncertainty risk certaintythe knows theconsequences every choicetechnique usedi system equationsii linear programmingiii integer programming etc uncertaintyunder condition there historical data norelative frequency could indicate theprobability particularstate naturein other words way calculatingthe expected actionexample new product introduce inthe methodsi criterion pessimism maximinii optimism maximaxiii minimax regret criterioniv realism hurwitz rationality bayes laplacecriterion maximinwaldian was suggested arabham waldthe locates alternativestrategy least possible lossstepsi determine lowest outcome eachalternativeii choose thebest these maximaxit leonid hurwitzthe gainstepsi criterionit leonard savageit used lossregret ifa undertakenregret payoffmaximum stepsi construct tableii compute forthe alternativesiii maximum eachalternativesiv select thelowest realismhurwitz criterionthis compromise anoptimistic pessimistic method coefficient will forwhich value maximumhurwitz valuemaximum minimum rationalitybayes andlaplace developed thomas andlaplacestepsi calculate average eachalternative riskprobabilities assigned futureevents reference similar previousexperience informationknowing probability distribution thestates beselect thelargest monetary valueemvmaximizing valuesteps table list conditional values witheach ofnature along corresponding probabilitiesof emv bymultiplying payoffs theassociated probabilities add weightedvalues gives optimumemv perfect informationthe information theexpected return have informationbefore madeexpected informationbest ofnatureprobability naturethe evpievpiexpected informationmaximum emvremark emvexpected without perfectinformation losseolminimize losssteps opportunityregret losstableregret eol theminimum hereminimum eolexpected evpi uncertaionity environment inroduction ppt chapter decisionmaking introduction operations research game maximisation wealth unit transportation model assignment operation example complete note techniques principles managerial economics problems tree analysis all about career development programing trees presentation lecture theorypptx qtbd mba sem decisions decisiontreeampgame modeling markov chain omdecision makingpptx quantitative statistical part business resource mgt cost management retail iso job evaluation procter gamble marketing financial hospitality identifying key factors affecting consumer purchase behavior online sho comparative dominos pizza hut resume curriculum vitae format microsoft labor laws india make service marketingmajor project entrepreneurship cycle quality assurance malcolm baldrige national award mbnqa employees welfare electronic channel wholesaling sebisecurities exchange board insurance event report ibm think hybrid future trade decoupled reconfigured snapshot creative ideas interactive team presentations zidauu communicationpptx pdf falcon invoice discounting setup small businesses pitchbooks guide funding startups inside black box venture capital potato flakes manufacturing plant reportpdf unveiling dynamic gemini personality traits sign datespptx inspiring watch special purpose vehicle formation examples equinox gold corporate deck may conversion rate optimization strategies ecommerce websitespdf social mediapdf media digital platforms applica blinkit revolutionizing ondemand grocery delivery servicepptx ultimate iptv app stepbystep instructions stages startup explainer constitution article association industries power carbon components salesforce loyalty comprehensivepdf
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theory found in path !
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