Decision Analysis

  1. Summary of the model and the main results,
  2. Discussion of the model and the results (e.g., how realistic the assumptions and the formulation are, the
    implications of the results, the insights),
  3. Numerical experiments (e.g., building the model or a modified version yourself, performing sensitivity
    analysis, incorporating risk attitudes).
    Risk Attitudes : It can be risk averse, risk neutral or risk seeking depending on utility function.

Sample Solution