Our decision tre problem described above involves a quence of only two decanda chance de la anty we branches. This is avicusly amplified example, designed only to show the concept, structure, and mechanics of the decision pproachThe following are only some of the refinements can be duced in order to get more reality The quence of decacion caninolve a larger under of decisions Alcach decision mode, we can come farger number of states . Al each chateende, we can consideratgeber of chance branches. Actually, we can even asume continus probability datribution is such chance de We can introduce mure whisticated and more detailed projections of cash flow We can use the conception that would take in count the fact that present per vabo werth me fue va We can also obtain and of the quality of the risk ocated with levant decisione path. This is. In addition to calling the daw, we can calendare such paramet a range and standard deviation of the payoff distribution and with each relevant puth We can conduct layesian analyse the introduction of new information and revic of probabil Malmittedly, weither the problem or the declare that simple in real world. However, the attempts to analyse dechien problems in quantitativ fukin yield not only come "hall parle figure, but also valuable qualitative Insights into the entire decisioner Problem 12.11. A chienthus ante et sell the properties A. W and chum and agrees to pay him commission cacahule. Ile specifis certain cond. The estate agent monteli poperty Atinad His he must do within days. Ir and when it would the spent recerbis comme on that take. We k7 812 Operations Research can then either lack out at the age ce nominate and try to sell one of the many appeties wat 6 days. If he does not in selling the dominated property that period, leistive opportunity sell the third property on the same conditions. The preseliny cats Cincel by the estate agent whenever sale inade and the estate agents estimated probability of making a sale are given how Preps Selline C Prule of Sales Pre of Prey 12.00 A 0.70 25.000 490 (1) Draw up an appropriate decision tree for the estate agent (2) What is the estate agents estrategy and Expected to tary vale approach (EMVIT