Created by Excel OM/QM Use the Decision Tree Creation Window to create the tree.

ate the tree. Click on a node to edit the tree. Values are on
70 Data row top of nodes. For decision nodes, decision is displayed below the node. Values to the right of final nodes
are the cumulative profits along the path
Problem title

0.5
Event 1 8 0
0

0.5
Event 2 9 0
0 0
Decision 3 4
0 0.5
Event 10 0
0

-0.5
Event 11 0
0

Decision 7 18 0
0

Decision 8 19 0
0 0
0 Decision 5 16
Decision 1 2 0 18
0 4 Decision 9 20 0
0
0
Decision 4 5
0 16 Decision 10 21 0
0

Decision 6 17 0
0

0 Decision 6 0
1 0
2

Decision 7 0
0

0.5
Event 3 12 0
0

1
Event 4 13 0
0 0
Decision 2 3
0
Event 14 0
0

-0.5
Event 15 0
0

Problem Data
Created by Excel OM/QM Use the Decision Tree Creation Window to create the tree. Click on a node to edit the tree. Values are on
14 Data row top of nodes. For decision nodes, decision is displayed below the node. Values to the right of final nodes
are the cumulative profits along the path
Problem title

Problem Data
Decision Tables
Enter the profits in the main body of the data table. Enter probabilities in the first row if you want to
compute the expected value.

Data Results Hurwicz alpha

Profit Scenario 1 Scenario 2 EMV Minimum Maximum 0.5
Probability 0.5 0.5
Decision 1 6000 5000 5500 5000 6000 5500
Decision 2 8000 4000 6000 4000 8000 6000
Decision 3 10000 -3000 3500 -3000 10000 3500
Maximum 6000 5000 10000

Expected Value of Perfect Information

Column best 10000 5000 7500 <-Expected value WITH perfect information
6000 <-Best expected value
1500 <-Expected value OF perfect information

Regret
Scenario 1 Scenario 2 Expected Maximum
Probability 0.5 0.5
Decision 1 4000 0 2000 4000
Decision 2 2000 1000 1500 2000
Decision 3 0 8000 4000 8000
Minimum 1500 2000
Hurwicz alpha