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Learning Objectives
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After completing this supplement, you should be able to:

  1. Describe the different environments under which operations decisions are made.
  2. Describe and use techniques that apply to decision making under uncertainty.
  3. Describe and use the expected-value approach.
  4. Construct a decision tree and use it to analyze a problem.
  5. Compute the expected value of perfect information.
  6. Conduct sensitivity analysis on a simple decision problem.







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