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Decision Analysis >> Illustrate basic decision analysis concepts and decision strategies


APPLETSOURCEDESCRIPTION
EMV applet (Expected Monetary Value)Univ. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant) computes and shows step-by-step computations for expected values based on user-entered payoffs and probabilities or default values.  more
EVPI applet (Expected Value of Perfect Information)Univ. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant) computes and shows step-by-step computations for expected values, expected value with perfect information and EVPI based on user-entered payoffs and probabilities or default values.  more
EOL applet (Expected Opportunity Loss)Univ. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant), computes and shows step-by-step calculations for Expected Opportunity Losses and minimum EOL based on user-entered payoffs and probabilities or default values.   more
Sensitivity Analysis appletUniv. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant), computes and graphs Expected Monetary Value as function of probabilities, shows ranges where each alternative is superior, and shows step-by-step computations based on user-entered payoffs or default values.  more
Maximax appletUniv. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant), computes maximums, chooses largest, and shows step-by-step computations based on user-entered payoffs or default values.  more
Maximin appletUniv. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant), computes minimums, chooses largest, and shows step-by-step computations based on user-entered payoffs or default values.  more
Minimax appletUniv. of Saskatchewan, Dept. of Computer Science, Estimation and Forecasting TutorialsFor a specific decision problem (building a large or small plant), constructs opportunity loss table, chooses minimum of the maximums, and shows step-by-step computations based on user-entered payoffs and probabilities or default values.  more

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