(Solution) - Draw the influence diagram that corresponds to the decision tree -(2025 Original AI-Free Solution)
Paper Details
Draw the influence diagram that corresponds to the decision tree for Exercise 12.4. How would this influence diagram be changed in order to answer parts a, b, and c in Exercise 12.4?
In exercise
a. Draw the appropriate decision tree and calculate the EVPI for Chance Event E only.
b. Draw the appropriate decision tree and calculate the EVPI for Chance Event F only.
c. Draw the appropriate decision tree and calculate the EVPI for both Chance Events E and F: that is, perfect information for both E and F is available before a decision is made.