Decision Networks

Abstract

Decision Networks is a technique for solving problems which involve a sequence of decisions. It is similar in style to critical path analysis in that it consists of arrow diagrams which give a visual representation of the problem and are used as a basis for a simple calculation procedure. The technique can deal with deterministic and stochastic problems and in the latter case is more general than decision trees. The decision network approach meets the need for a method of solution for multi-stage decision problems which is easily understood, helps the user to visualize the nature of the problem and is routine in application.