Decision Sequences

Rudolf Grünig () and Richard Kühn ()
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Rudolf Grünig: University of Fribourg

Chapter 12 in Successful Decision-Making, 2013, pp 149-157 from Springer

Abstract: Abstract Chapter 12 discusses the decision sequences. First the difference between decisions with sub-problems and decision sequences is made. Then it is shown how to visualise a decision sequence with the help of a decision tree. Next it is explained as to how to find the best option in a decision tree. Finally the decision sequence approach is demonstrated through a concrete example.

Keywords: Sequential Decision; Machine Hours; Stagnation Scenario; Industrial Parcels; Obelix (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-32307-2_12

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DOI: 10.1007/978-3-642-32307-2_12

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