Various Decision Theory Techniques Under Risk

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Unit No.3.
DECISION SCIENCE
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Professor & Head Dept. of MBA
1
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in

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302-DECISION SCIENCE
Unit No.3. Decision Theory
3.4 Decision Making
Under Risk
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Professor & Head Dept. of MBA
2
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in

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DECISION THEORY
 At the End of the Session Student will be able to
understand-
A. Decision Making Under Risk

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Decision Making Under Risk
• Expected Monetary Value Criterion
(EMV Criterion)
• Expected Monetary Value with Perfect
Information (EMVPI)
• Value of Perfect Information (VPI)

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EXERCISE
 State and Explain various Decision Theories under Risk

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For More Details Contact
Dr. V M Tidake
tidkevishal@gmail.com
tidkevishalmba@sanjivani.org.in

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Thank You