Question: Consider the decision-making problem of opening a new restaurant when facing Covid-19 risk. I further revised my Bayesian causal network (influence diagram) for this problem
Consider the decision-making problem of opening a new restaurant when facing Covid-19 risk. I further revised my Bayesian causal network (influence diagram) for this problem as below.
In my revision, I add two more nodes, Government Covid-19 Regulation (Gov. Reg.) and Restaurant Floor Plan.
I assume Government Covid-19 Regulation is a child (i.e., direct effect) of Exposure to Covid-19 and a parent (i.e., direct cause) of Revenue.
Furthermore, I assume Restaurant Floor Plan is a parent of Revenue and a child of Location. In addition, Season is also a parent of People Flow.
Finally, I treat Location and Floor Plan are two decision nodes. Briefly explain why my assumptions of
1. Government Covid-19 Regulation is a child (i.e., direct effect) of Exposure to Covid-19 and a parent (i.e., direct cause) of Revenue.
2. Restaurant Floor Plan is a parent of Revenue and a child of Location.
3. Season is also a parent of People Flow.
are reasonable causal assumptions.
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