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| Title: | Sequential Valuation Networks for Asymmetric Decision Problems |
| Authors: | Demirer, Riza
Shenoy, Prakash P. |
| Keywords: | Decision analysis
Sequential decision diagrams
Valuation networks
Asymmetric decision problems
Influence diagrams |
| Issue Date: | Jan-2001 |
| Publisher: | University of Kansas School of Business |
| Extent: | 904260 bytes |
| Type: | Working Paper |
| Citation: | Demirer, R. and P. P. Shenoy (2001), "Sequential Valuation Networks for Asymmetric Decision Problems," Working Paper No. 286, Revised June 2004, School of Business, University of Kansas, Lawrence, KS. |
| Series/Report no.: | School of Business Working Paper;No. 286 |
| Abstract: | This paper deals with representation and solution of asymmetric decision problems. We describe a new representation called sequential valuation networks that is a hybrid of Covaliu and Oliver’s sequential decision diagrams and Shenoy’s valuation networks. The solution algorithm is based on the idea of decomposing a large asymmetric problem into smaller sub-problems and then using the fusion algorithm of valuation networks to solve the sub-problems. Sequential valuation networks inherit many of the strengths of sequential decision diagrams and valuation networks while overcoming many of their
shortcomings. We illustrate our technique by representing and solving a modified version
of Covaliu and Oliver’s Reactor problem in complete detail. |
| Description: | This paper is currently (August 2004) in press at the European Journal of Operational Research. |
| URI: | http://hdl.handle.net/1808/159 |
| Appears in Collections: | School of Business Working Papers
Distinguished and Named Professors Published Works
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