Decision Theory Under Risk Operations Research Expected Opportunity Loss [EOL] with Solved Numerical

This video is about decision theory under risk operations research expected opportunity loss (EOL) method with solved numerical problems.
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Decision Theory under Uncertainity Concept and Solved Numerical | Non Probabilistic
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DECISION THEORY UNDER RISK IN OPERATIONS RESEARCH | EMV | NUMERICAL | BY BEINGGOURAV.COM
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decision theory eol
decision theory under uncertainty and risk
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Please watch: "UNBALANCED ASSIGNMENT PROBLEM IN OPERATION RESEARCH | USING HUNGARIAN METHOD | Lecture 03"
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[@nidhiyadav3262]

Sir EVM mai to payoff values ko direct multiply krte the to EOL mai ku nhi? Regret isme nikalrhe h usme ku n nikala? Ya fr isko b direct kr skt eh ky?

[@GouravManjrekar]

EOL = expected opportunity loss or expected regret therefore you need to find regret then multiply with probability.

[@harshitadegwekar8270]

Thank you ..

[@rutikshinde3183]

धन्यवाद सर 🙏🙏

[@mezzikhan4861]

Thank you

[@kavanakavi6193]

Thanks it helps me alot sir

[@jaysoni6229]

Corresponding state of nature nahi sir alternative se krdiya apne. State of nate to events hote h

[@anupmapatre5229]

very nice 🙏

[@GouravManjrekar]

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[@sachkapur4972]

Thank you so much 🙏🙏🙏🙏🙏🙏

[@GouravManjrekar]

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[@rahulkhorwal2808]

thanks sir

[@nirajsangani1609]

Thank you sir

[@GouravManjrekar]

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[@sudhansu_samantaray_official]

Nice explanation sir

[@sanjaykumarnishad8262]

Tq sir

[@shashakfoundation720]

Eol me lower value se - kiya jata hai

[@GouravManjrekar]

EOL mean Expected Opportunity Loss(Or Regret). So first you have to find Regret which is the difference between highest payoff and all other payoff for particular state of nature.