A Comparison of Graphical Techniques for Asymmetric Decision Problems

Concha Bielza and Prakash P. Shenoy
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Concha Bielza: Universidad Politécnica de Madrid, Campus de Montegancedo, 28660 Madrid, Spain
Prakash P. Shenoy: School of Business, University of Kansas, Lawrence, Kansas 66045

Management Science, 1999, vol. 45, issue 11, 1552-1569

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.

Keywords: asymmetric decision problems; decision trees; influence diagrams; valuation networks; sequential decision diagrams (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:45:y:1999:i:11:p:1552-1569

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