Implementing Decision Analysis on Digital Computers
- 1 January 1972
- journal article
- research article
- Published by Taylor & Francis in The Engineering Economist
- Vol. 17 (4) , 241-248
- https://doi.org/10.1080/00137917208902722
Abstract
Recently developed computer programs have greatly enhanced the application of decision analysis, especially in accounting for risk and uncertainty factors. Monte Carlo simulation and decision tree programs are now available from a wide variety of sources for both batch and time-sharing. The major programs, their features and capabilities, are summarized here. A table showing cost, computer requirements and where and how to obtain further information, is also included.Keywords
This publication has 2 references indexed in Scilit:
- The Evaluation of Risk in Marine Capital InvestmentsThe Engineering Economist, 1969
- The Derivation of Probabilistic Information for the Evaluation of Risky InvestmentsManagement Science, 1963