Value Maximisation

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Gardiola
Posts: 29
Joined: Mon Mar 11, 2013 4:38 pm

Value Maximisation

Post by Gardiola »

Good morning,

is there a way to find the set of decision that maximises the value based on different characteristics accross a network ? is it a possible to know which part of the network maximizes the value for the same set of decisions ?

Does smile have this feature ?

Best Regards.


Didier
marek [BayesFusion]
Site Admin
Posts: 430
Joined: Tue Dec 11, 2007 4:24 pm

Re: Value Maximisation

Post by marek [BayesFusion] »

Didier,

I have just responded to your question on decision trees. Influence diagrams in GeNIe and SMILE can do everything that you can do with a decision tree and, in particular, identify the values of decision variables that maximize your expected utility. This can be done for multiple decision variables and complex multi-attribute utilities (MAU). To use this functionality effectively you need to understand first the relationship between decision trees (with which you seem to be familiar) and the influence diagrams that GeNIe/SMILE implement. Clemen's book might be a good start.
I hope this helps.

Marek
Gardiola
Posts: 29
Joined: Mon Mar 11, 2013 4:38 pm

Re: Value Maximisation

Post by Gardiola »

Marek

it helps !

Thanks

Didier
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