Annex 1.

Decision Theory Course Assignment Data

Task 1 Data
Task 1 Decisions under uncertainty, Exercise 1. Laplace, Wald
or pessimistic, optimistic, Hurwicz and Savage criteria (Profit
Matrix).
1. Download the data of the problem Optimal solution for choosing a
production process from Exercise 1 (download it here and do not
preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are
locked and cannot be changed).
4. Do Exercise 1. Criteria of Laplace, Wald or pessimistic, optimistic,
Hurwicz and Savage (Profit Matrix) in excel.

Task 1 Decisions under uncertainty, Exercise 2. Laplace, Wald

or pessimistic, optimistic, Hurwicz and Savage criteria (Cost
Matrix).
1. Download the data of the problem Optimal decision for managing
operation from Exercise 2 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are
locked and cannot be changed).
4. Do Exercise 2. Criteria of Laplace, Wald or pessimistic, optimistic,
Hurwicz and Savage (Cost Matrix) in excel

Task 1 Decisions under uncertainty, Exercise 3. Two-Person Zero-

Sum Games
1. Download the data of the problem Optimal decision for market
share from Exercise 3 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are
locked and cannot be changed).
4. Do Exercise 3. Optimal solution of two-person games in excel using
Solver add-in.

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 TASK 2 DATA

Task 2 Decisions under risk Exercise 1. Decision tree

1. Download the data of the problem Optimal Solution for investment
from Exercise 1 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are locked
and cannot be changed).
4. Do Exercise 1. Decision tree in excel.

Task 2 Decisions under risk Exercise 2. Expected Value – EVPI

1. Download the data of the problem Optimal solution for crops for the
coming season from Exercise 2 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are locked
and cannot be changed).
4. Do Exercise 2 calculate Expected Value – EVPI.
5. Check the results in the tool Decision Making Under Risk (Annex 2)

Task 2 Decisions under risk Exercise 3. Decision tree and

expected Value – EVPI and EVMI
1. Download the data of the problem Optimal solution for lot order from
Exercise 3 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are locked
and cannot be changed).
4. Do Exercise 3, design decision tree and calculate Expected Value –
EVPI and EVMI
5. Check the results in the tool Decision Making Under Risk (Annex 2)

Task 2 Decisions under risk Exercise 4. Decision tree and

expected Value – EVPI and EVMI
1. Download the data of the problem Optimal solution for vintage grape
varieties from Exercise 4 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are locked
and cannot be changed).
4. Do Exercise 4, design decision tree and calculate Expected Value –
EVPI and EVMI
5. Check the results in the tool Decision Making Under Risk (Annex 2)
 Task 4 Data

Task 4 Decisions under uncertainty risk and markovian

processes, Exercise 1. Laplace, Wald or pessimistic, optimistic,
Hurwicz and Savage criteria (Profit Matrix).
1. Download the data of the problem Optimal solution for production
capacity from Exercise 1 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are
locked and cannot be changed).
4. Do Exercise 1. Criteria of Laplace, Wald or pessimistic, optimistic,
Hurwicz and Savage (Profit Matrix) in excel

Task 4 Decisions under uncertainty risk and markovian

processes, ecisions under risk Exercise 3. Decision tree and
expected Value – EVPI
1. Download the data of the problem Optimal solution for productive
investment Exercise 3 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are
locked and cannot be changed).
4. Do Exercise 3, design decision tree and calculate Expected Value –
EVPI

Task 4 Decisions under uncertainty risk and markovian

processes, decisions under risk Exercise 4. Decision tree and
expected Value – EVPI and EVMI
1. Download the data of the problem Optimal solution for barley
varieties from Exercise 4 (download it here and do not preview it).
2. Open the file and enter the number of your group to generate the
data.
3. Create the table with the data in a new spreadsheet (cells are
locked and cannot be changed).
4. Do Exercise 4, design decision tree and calculate Expected Value –
EVPI and EVMI
5. Check the results in the tool Decision Making Under Risk (Annex 2)