A comparison of graphical techniques for asymmetric decision problems

A comparison of graphical techniques for asymmetric decision problems

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Article ID: iaor20003642
Country: United States
Volume: 45
Issue: 11
Start Page Number: 1552
End Page Number: 1569
Publication Date: Nov 1999
Journal: Management Science
Authors: ,
Keywords: decision: studies
Abstract:

We compare four graphical techniques for representation and solution of asymmetric decision problems – decision trees, influence diagrams, valuation networks, and sequential decision diagrams. We solve a modified version of Covaliu and Oliver’s Reactor problem using each of the four techniques. For each technique, we highlight the strengths, weaknesses, and some open issues that perhaps can be resolved with further research.

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