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Influence Diagrams: A Practitioner's Perspective

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  • Dennis M. Buede

    (Innovative Decisions, Inc., 2139 Golf Course Drive, Reston, Virginia 20191)

Abstract

I have found influence diagrams to be indispensable in building models with clients, keeping track of what probability distributions are needed, explaining the results of calculations to clients, explaining the analysis process to clients, and teaching decision analysis to undergraduate and graduate students. As a professional decision analyst and as a teacher I have found influence diagrams to be almost as critical as a laptop computer.

Suggested Citation

  • Dennis M. Buede, 2005. "Influence Diagrams: A Practitioner's Perspective," Decision Analysis, INFORMS, vol. 2(4), pages 235-237, December.
    • Handle: RePEc:inm:ordeca:v:2:y:2005:i:4:p:235-237
    DOI: 10.1287/deca.1050.0053
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    References listed on IDEAS

    as
    1. Weber, Elke U., 1989. "A Behavioral Approach To Decision Making Under Uncertainty: Implications And Lessons For Expected Utility Theory," 1989 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, April 9-12, 1989, Sanibel Island, Florida 271520, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    2. Ross D. Shachter, 1986. "Evaluating Influence Diagrams," Operations Research, INFORMS, vol. 34(6), pages 871-882, December.
    3. Ross D. Shachter, 1988. "Probabilistic Inference and Influence Diagrams," Operations Research, INFORMS, vol. 36(4), pages 589-604, August.
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    Cited by:

    1. L. Robin Keller, 2007. "From the Editor..," Decision Analysis, INFORMS, vol. 4(3), pages 111-113, September.
    2. Jason R. W. Merrick & Fabrizio Ruggeri & Refik Soyer & L. Robin Keller, 2012. "From the Editors---Games and Decisions in Reliability and Risk," Decision Analysis, INFORMS, vol. 9(2), pages 81-85, June.
    3. L. Robin Keller, 2009. "From the Editor..," Decision Analysis, INFORMS, vol. 6(3), pages 121-123, September.
    4. Barry R. Cobb, 2007. "Influence Diagrams with Continuous Decision Variables and Non-Gaussian Uncertainties," Decision Analysis, INFORMS, vol. 4(3), pages 136-155, September.
    5. L. Robin Keller, 2012. "From the Editor---Decisions over Time (Exploding Offers or Purchase Regret), in Game Settings (Embedded Nash Bargaining or Adversarial Games), and in Influence Diagrams," Decision Analysis, INFORMS, vol. 9(1), pages 1-5, March.

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