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- What is an influence diagram give an example?
- How do you explain an influence diagram?
- What is the use of influence diagram excel?
- What is the difference between an influence diagram and decision tree?
What is an influence diagram give an example?
An influence diagram is a general representation of key identified risks, alternatives, and outcomes in a way that represents their interconnectivities and relative ordering [4, 5]. From: Standard Handbook of Petroleum and Natural Gas Engineering (Third Edition), 2016.
How do you explain an influence diagram?
An influence diagram is an intuitive visual display of a decision problem. It depicts the key elements, including decisions, uncertainties, and objectives as nodes of various shapes and colors. It shows influences among them as arrows.
What is the use of influence diagram excel?
Influence Diagrams are useful visual and communicative tools for displaying the main factors of a decision problem and the relationships between them. They are a compliment to decision trees, which display the decision structure and timing and whose branches grow exponentially with each variable.
What is the difference between an influence diagram and decision tree?
Influence diagrams are directed graphs with nodes representing events and decisions and arrows between them representing the (probabilistic) dependencies. Decision trees are tree diagrams with branches for events and decisions.
