Models of Decision MakingMathematical models
What ?
How ?
Why?
When ?
Who ?
Problem
Data
Model
V=f(x,y)
g(x,y)=B
h(x,y)>=C
i(x,y)<=d
Outcome
(V= ?)
Methods to solve
the problem, e.g.,
by computer program.
Parameters
Hour/unit
Kr./unit
man/unit
Environment variables: Y
Decision variables: X
Goals: V
Decision variables: X
Relationships: f,g,h,i
probability ?
Solution
e.g., X2=27.14
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