Representation and solution of decision problems using sequential decision diagrams
Article Abstract:
A new sequential decision diagram is introduced as a tool for modeling, developing and solving sequential decision problems under uncertainty. This graph is as compact as an influence diagram, but is as effective as a decision tree in capturing the asymmetric and sequential dimensions of decision problems. Aside from being able to identify scenarios sharing common sequences of realized variables, this new graphical representation of decision problems can be employed in both discrete and continuous variable domains. It is demonstrated that, with the use in unison of a sequential diagram, an influence diagram and a common formulation table, all dimensions of a decision problem can be represented in a complete, compact and consistent manner.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1995
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A new algorithm for computing the maximal closure of a graph
Article Abstract:
A new algorithm is suggested to address the problem of maximum closure in which it is necessary to determine a subset of nodes, all of whose successors belong to the subset, with the greatest possible sum of node weights. The new algorithm compares positively to minimal cut and maximal flow processes on classes of problems which were generated randomly.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1990
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