A Comparison of Graphical Techniques for Asymmetric Decision Problems
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.
Volume (Year): 45 (1999)
Issue (Month): 11 (November)
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- Zvi Covaliu & Robert M. Oliver, 1995. "Representation and Solution of Decision Problems Using Sequential Decision Diagrams," Management Science, INFORMS, vol. 41(12), pages 1860-1881, December.
- Prakash Shenoy, 1998. "Game Trees For Decision Analysis," Theory and Decision, Springer, vol. 44(2), pages 149-171, April.
- Smith, J. Q., 1989. "Influence diagrams for Bayesian decision analysis," European Journal of Operational Research, Elsevier, vol. 40(3), pages 363-376, June.
- Guo, Rui & Shenoy, Prakash P., 1996. "A note on Kirkwood's algebraic method for decision problems," European Journal of Operational Research, Elsevier, vol. 93(3), pages 628-638, September.
- Craig W. Kirkwood, 1993. "An Algebraic Approach to Formulating and Solving Large Models for Sequential Decisions Under Uncertainty," Management Science, INFORMS, vol. 39(7), pages 900-913, July.
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