Visual Studio .NET. Definition - What does Visual Studio .NET mean? Visual Studio .NET is a Microsoft-integrated development environment (IDE) that can be used for developing consoles, graphical user interfaces (GUIs), Windows Forms, Web services and Web applications.
Decision theory can be broken into two branches: normative decision theory, which gives advice on how to make the best decisions, given a set of uncertain beliefs and a set of values; and descriptive decision theory, which analyzes how existing, possibly irrational agents actually make decisions.
When a decision situation requires a series of decisions, the payoff table cannot accommodate the multiple layers of decision-making. Thus, a decision tree is needed [8, 28]. 5 Decision Tree and Influence Diagram 5-1 Decision Tree Approach A decision tree is a chronological representation of the decision process.he concept of probability occupies an important place in the decision-making process, whether the problem is one faced in business, in government, in the social sciences, or just in one's own everyday personal life. In very little decision making situations is perfect information-all the needed facts-available.