if else programming

Describes how interpreting the DISTRIBUTION of the Value of Information can explain why there is value from the information. Looks at both Perfect and Imperfect Information using a decision whether to harvest grapes Now or Later

Evaluate Complex VOI trees - 4 reality and indicator nodes with a 5 branch decision node. Solution uses SIPmath to provide a transparent optimal decision policy.

Value of Information (VOI) is often evaluated using decision trees. Using SIPmath we can calculate the value of information and also determine the Distribution of the Value of Information. Video takes a case example and walks through the example and analysis. Excel file is available at: https://1drv.ms/x/s!AgtEj5D79IYqgb4iQ...

Part 2 - Working only with Excel we optimize the ticket price for the reference case and compare that to the optimized decision policy and ticket prices with perfect and imperfect information. Evaluation conduced using simulation and Excel Solver rather than using decision trees.

Value of Information Distribution is useful in telling the VOI story. This case study discusses how to use the graphics to explain the VOI results to a Decision Maker.

Working only with Excel we optimize the ticket price for the reference case and compare that to the optimized decision policy and ticket prices with perfect and imperfect information. Evaluation conduced using simulation and Excel Solver rather than using decision trees.

Part 3 - Working only with Excel we optimize the ticket price for the reference case and compare that to the optimized decision policy and ticket prices with perfect and imperfect information. Evaluation conduced using simulation and Excel Solver rather than using decision trees.