Decision Analysis Part 1 | Decisions Under Uncertainty/Risk & Sensitivity Analysis

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  • เผยแพร่เมื่อ 30 พ.ย. 2024

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  • @ellenzhang169
    @ellenzhang169 6 ปีที่แล้ว +1

    fabulous. Good to know there is no need to use excel which for me is totally a suffering...

    • @bkrai
      @bkrai  6 ปีที่แล้ว +1

      That's good!

  • @isaacfrimpongopuni7754
    @isaacfrimpongopuni7754 6 ปีที่แล้ว +2

    Very great way of teaching. Many thanks to you Sir Rai. But it's quite interesting how my lecturer also used the same figures in his lecture. Massive Coincidence??!

    • @bkrai
      @bkrai  6 ปีที่แล้ว +1

      That's interesting!

  • @aseelbashir9364
    @aseelbashir9364 2 ปีที่แล้ว

    What is the value of p in the solution? I can't understand what happened when analyzing the sensitivity
    When you multiply the numbers by p what is p through the operation.

  • @seemee1177
    @seemee1177 8 ปีที่แล้ว

    Excellent sir , the way of teaching is so nice easy and understandable. God bless you ,
    I also want to learn non leaner programming as well , if you have lecture on that i will be very thankfull

    • @bkrai
      @bkrai  8 ปีที่แล้ว

      Thanks for the feedback! I'll keep it in mind for next set of lectures.

  • @johnrayapale2845
    @johnrayapale2845 4 ปีที่แล้ว +1

    What about the intersection point of Large Plant and No Plant (Referring to Sensitivity Analysis)

    • @bkrai
      @bkrai  4 ปีที่แล้ว

      We consider intersection points with higher EMVs.

  • @suryanshpurwar5791
    @suryanshpurwar5791 6 ปีที่แล้ว +2

    How will we calculate sensitivity analysis if we have 3 states of nature ?

    • @bkrai
      @bkrai  6 ปีที่แล้ว

      You can make use of decision tree for that.

    • @suryanshpurwar5791
      @suryanshpurwar5791 6 ปีที่แล้ว +1

      Thanks. Can you provide an example with three states of nature using decision tree please?

    • @bkrai
      @bkrai  6 ปีที่แล้ว

      If you have a problem like that, you can send it to me. I'll use it as an example to go over steps.

    • @suryanshpurwar5791
      @suryanshpurwar5791 6 ปีที่แล้ว

      Can you plz provide your email id as the question I am referring to is having a table in it? I will forward you a mail consisting that problem in it for which you can provide solution to all.

  • @kundandalvi1271
    @kundandalvi1271 6 ปีที่แล้ว

    sir, I had one doubt as it may sound weird but how can we get market research info like probabilities of favourable/ unfavourable, (+ve ,-ve)ithout paying for it !!

  • @LUCKY-cz7xs
    @LUCKY-cz7xs 7 ปีที่แล้ว +1

    Please help me learn r from scratch and basics

    • @bkrai
      @bkrai  7 ปีที่แล้ว

      You can get started using following link:
      th-cam.com/play/PL34t5iLfZddv8tJkZboegN6tmyh2-zr_T.html

  • @lallukitapri9788
    @lallukitapri9788 8 ปีที่แล้ว

    how u make table of EOL ...vale of fm and um how come ..plz explain ..or u take these value randomly ....reply fast

    • @bkrai
      @bkrai  8 ปีที่แล้ว +1

      Take the maximum in the FM column, which is 200000. Then subtract each number in FM column from 200000, so you get 200000 - 200000 =0, 200000 - 100000 = 100000, and 200000 - 0 = 200000. Similarly take maximum in UM column, which is zero. Then suntract each number in FM column from zero.

  • @LUCKY-cz7xs
    @LUCKY-cz7xs 7 ปีที่แล้ว

    Are you a data scientist??

    • @bkrai
      @bkrai  7 ปีที่แล้ว +1

      Yes, I teach data scientists.

  • @lallukitapri9788
    @lallukitapri9788 8 ปีที่แล้ว

    and how LP calculated

    • @bkrai
      @bkrai  8 ปีที่แล้ว +1

      I've shown how it is calculated in the video at 19:26 minutes.

    • @abdirahmanmohamedadamow9239
      @abdirahmanmohamedadamow9239 7 ปีที่แล้ว

      Bharatendra Rai sir how to find 0.5 when colculate equally likelky blz ansr that quetion

  • @lallukitapri9788
    @lallukitapri9788 8 ปีที่แล้ว

    19:22

    • @bkrai
      @bkrai  8 ปีที่แล้ว

      ???