Explain why a simulation model with only discrete probability distributions produces the same results as the corresponding decision tree model even though it uses very different solution methods.
Explain why a simulation model with only discrete probability distributions produces the same results as the corresponding decision tree model even though it uses very different solution methods.
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Simulation works by brute force, in that it samples the input distributions th…View the full answer
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Making Hard Decisions with decision tools
3rd edition
Authors: Robert Clemen, Terence Reilly
ISBN: 978-0538797573