Introduction to Decision Analysis Using PrecisionTree: Maintenance Plan Costs - 03/09/2023

09mar11:00 amIntroduction to Decision Analysis Using PrecisionTree: Maintenance Plan Costs - 03/09/2023Presented by: Rafael Hartke, CEO of Imagine Risks and Analytics11:00 am(GMT-05:00) View in my timeEvent Type Webinar

Event Details

Rafael HartkePresented by: Rafael Hartke, CEO of Imagine Risks and Analytics

Decision trees are structured decision models containing sequences of decisions and events. They allow us to graphically map the plan throughout the lifetime of a project, along with uncertain events in the future, managerial flexibilities of the project, and alternative strategies available.

This webinar will demonstrate how to use decision tree models improve the decision process of Maintenance Planning, in order to minimize costs and limit risk exposure. All within Excel in an intuitive way, but with all the necessary mathematical rigor.

  1. Basic construction of decision tree models
  2. Optimal strategy and interpretation of results
  3. Interpretation of the model and calculations
  4. Sensitivity analysis and tools for complex models
  5. Advanced ways to model risks and uncertainties

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Time

(Thursday) 11:00 am EST(GMT-05:00) View in my time