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What is Outcome Node

Chapter 54
Encyclopedia of Decision Making and Decision Support Technologies
A variable included on an influence diagram that represents a measure that is included in the problem objective. For example, in a financial problem with a goal to increase profit, the outcome node might be a variable called profit.
Published in Chapter:
Influence Diagrams as a Tool for Decision Support System Design
Peter O’Donnell (Monash University, Australia) and Rob Meredith (Monash University, Australia)
Copyright: © 2008 |Pages: 8
DOI: 10.4018/978-1-59904-843-7.ch054
Abstract
This article examines the application of a modeling technique called influence diagramming to decision support system (DSS) analysis. Influence diagrams allow the development of a model of the natural (at least from the perspective of the decision maker) structure of a decision situation. These diagrams are simple to develop and understand, providing the DSS analyst and the decision maker with a useful basis for communication. The diagrams can also be easily translated into specifications detailing the design of a computer-based system. In particular, influence diagrams are well suited to the specification and description of spreadsheet-based models commonly used in contemporary decision support systems.
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