The solution procedure that was introduced in the book for decision trees is called the
A)folding-back procedure.
B)single-stage method.
C)risk profile method.
D)precision tree method.

Question

Quizplus · Accepted Answer

The folding-back procedure is a method used in decision trees to solve problems by working backwards from the end of the tree to the beginning, calculating the expected values at each decision node.

The Solution Procedure That Was Introduced in the Book for Decision