Decision models
From Wikiversity - Reading time: 1 min
Decision models are part of the core curriculum of many business schools. The reason why is probably because "average" performance of a firm is distinct from the implied performance of the averages, if the components which combine to create that average performance have differing distributions or deviations.
Decision models will typically cover the following concepts and software packages:
- decision trees
- linear programming
- Crystal Ball, @Risk or Theta Suite simulation software.
Licensed under CC BY-SA 3.0 | Source: https://en.wikiversity.org/wiki/Decision_models8 views | ↧ Download this article as ZWI file
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