Decision Trees Using TreePlan 16 16.1 TREEPLAN OVERVIEW TreePlan is a decision tree add-in for Microsoft Excel 97–2007 for Windows and Macintosh. TreePlan helps you build a decision tree diagram in an Excel worksheet using dialog boxes. Decision trees are useful for analyzing sequential decision problems under uncertainty. Your decision tree model may include various controllable alternatives (e.g., whether to introduce a new product, whether to bid on a new project) and uncontrollable uncertainties
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Questions for the Merck Case Create a decision tree for Merck. The 2 leftmost branches would identify the alternatives related to licensing Davarink (specifically license versus not to license). Next, if Merck decides to pursue license, they go into phase I which results in a success, or failure. Phase I success is followed by phase II where Merck has the opportunity to develop the drug to treat depression alone, weight loss alone, or both, or contemplate phase II failure. Finally phase
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Lecture 5 SIX SIGMA 1 COMPANIES USING Six Sigma is in use in virtually all industries around the world. Some of companies can be listed as: • Motorola • Ericsson • General Electric • Sony • Ford Motor Co. • CITI bank 2 WHAT IS SIGMA ? • A term (Greek) used in statistics to represent standard deviation from mean value, an indicator of the degree of variation in a set of a process. • Sigma measures how far a given process deviates from perfection. Higher sigma capability, better performance
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holidays. It is a never ending battle to have the best of everything. Chapter three is about the winter and spring months. Winter has the shortest days and coldest days of the year. Christmas and Hanukkah are celebrated during this time. The Christmas tree is the symbol of Christmas that everyone knows. There are lights hanging on the house and throughout the yard to light the way. There are wreaths on the door and garland hung throughout the house. Red and green are the primary colors based around the
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Executive Summary Oceanview is considering a property bid of $5 million, which would require them to submit a deposit of 10% of the bid amount. Should the bid be rejected, the deposit will be refunded. However, should Oceanview win the bid, they must still consider the approval of zoning change to built the condominium. If the zoning is approved, the building can start. If not, the 10% deposit will be forfeited. From the flow summarized above, we can see that the green light to carry on building
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A festive feel of excitement and delight challenged the dark, ominous sky. The night was losing its battle against the street lights and bright, shiny stalls of the Christmas market. People were humming along to the carols, all wrapped up warm and still enjoying the festivities. Rows of little stalls were lined up, each with customers waiting to be served. A gust of wind blew through, but surprisingly nobody retreated. The Christmas spirit emanating from the little stalls had uplifted everyone.
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responsibility for the consequences of the decision. I feel this is the best approach because it covers all of the bases for providing information to a third party and potentially breaking confidentiality. The best and the worst part about the decision tree presented in the journal article was that it specifically was geared towards a legal demand by the court for the records/test data and was not general enough to use for any request. It gives a great guide for a request via
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1 PROBABILISTIC APPROACHES: SCENARIO ANALYSIS, DECISION TREES AND SIMULATIONS In the last chapter, we examined ways in which we can adjust the value of a risky asset for its risk. Notwithstanding their popularity, all of the approaches share a common theme. The riskiness of an asset is encapsulated in one number – a higher discount rate, lower cash flows or a discount to the value – and the computation almost always requires us to make assumptions (often unrealistic) about the nature of risk
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Walter Benjamin (1936) The Work of Art in the Age of Mechanical Reproduction ________________________________________ Source: UCLA School of Theater, Film and Television; Transcribed: by Andy Blunden 1998; proofed and corrected Feb. 2005. ________________________________________ “Our fine arts were developed, their types and uses were established, in times very different from the present, by men whose power of action upon things was insignificant in comparison with ours. But the amazing growth
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List of Exercises: 1. Basic arithmetic operations in parallel 2. Find out factorial of a number 3. Generation of Fibonacci series, finding prime numbers in an interval. 4. Evaluate the integral of a function 5. Merging of two sorted lists 6. Parallel tree traversals 7. Matrix multiplication 8. Enumeration sort 9. Odd-Even transposition sort 10. Bitonic merge 11. Quick sort 12. Single source shortest path iii Exercise 1 Aim: Basic Arithmetic Operations in parallel To perform a set of arithmetic
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