Decision Tree Analysis Is Based on Bellman's Principle,which States That

question 17

Multiple Choice

Decision tree analysis is based on Bellman's principle,which states that for any choice of strategy in a given state,

• A) the optimal strategy is the one that is selected if the entire analysis is assumed to begin in the first period.
• B) the optimal strategy is the one that is selected if the entire analysis is assumed to begin in the last period.
• C) the optimal strategy in the next period is the one that is selected if the entire analysis is assumed to begin in the last period.
• D) the optimal strategy in the next period is the one that is selected if the entire analysis is assumed to begin in the next period.
• E) none of the above

---

Definitions:

Code of Conduct

A set of rules outlining the norms, rules, and responsibilities or proper practices for an individual, party or organization.

Penalties

The consequences or punishments assigned for breaking a rule or law.

Copyright Law

Legal guidelines protecting the use of original works of authorship, including literary, musical, and artistic works.

Moral Minimum

The least amount of ethical behavior expected from an individual or organization in society, often pertaining to honesty and fairness.