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Lecture Introduction to Management Science with Spreadsheets: Chapter 11 - Stevenson, Ozgur
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Chapter 11 "Decision theory", after completing this chapter, you should be able to: Outline the characteristics of a decision theory approach to decision making; describe and give examples of decisions under certainty, risk, and complete uncertainty; make decisions using maximin, maximax, minimax regret, Hurwicz, equally likely, and expected value criteria and use Excel to solve problems involving these techniques;...
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