Introduction to Decision Analysis Using PrecisionTree: Maintenance Plan Costs

Presented by

Rafael Hartke

About this talk

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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