Influence Diagram

This sample shows the Influence Diagram. It was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Basic Diagramming Solution from the Universal Diagramming area of ConceptDraw Solution Park.
Influence diagram represents the directed acyclic graph with three types of nodes and three types of arcs that connect the nodes. Decision node is drawn as a rectangle, Uncertainty node is drawn as an oval, Value node is drawn as an octagon.

Influence Diagram Software

Influence diagram (ID) is a graphical and mathematical representation of the decision. Influence diagrams are widely used in the decision analysis and in the game theory. They are the alternative to the decision tree. The influence diagram gives to analyst the high-level conceptual view that it can use to build the detailed quantitative model.
This sample shows the Influence diagram. It is a directed acyclic graph with three types of nodes: Decision node is drawn as a rectangle, Uncertainty node is drawn as an oval, Value node is drawn as an octagon. The nodes are connected with arcs.

Influence Diagram

This decision diagram example was designed on the base of the Wikimedia Commons file: Simple Influence Diagram.svg.
[commons.wikimedia.org/ wiki/ File:Simple_ Influence_ Diagram.svg]
This file is made available under the Creative Commons CC0 1.0 Universal Public Domain Dedication. [creativecommons.org/ publicdomain/ zero/ 1.0/ deed.en]
"An influence diagram (ID) (also called a relevance diagram, decision diagram or a decision network) is a compact graphical and mathematical representation of a decision situation. It is a generalization of a Bayesian network, in which not only probabilistic inference problems but also decision making problems (following the maximum expected utility criterion) can be modeled and solved.
ID was first developed in the mid-1970s by decision analysts with an intuitive semantic that is easy to understand. It is now adopted widely and becoming an alternative to the decision tree which typically suffers from exponential growth in number of branches with each variable modeled. ID is directly applicable in team decision analysis, since it allows incomplete sharing of information among team members to be modeled and solved explicitly. Extensions of ID also find their use in game theory as an alternative representation of the game tree." [Influence diagram. Wikipedia]
The example "Influence diagram" was designed using ConceptDraw software extended with Decision Making solution from Management area of ConceptDraw Solution Park.

Decision diagram example

Used Solutions

Management >

Decision Making

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The Decision Making solution offers the set of professionally developed examples, powerful drawing tools and a wide range of libraries with specific ready-made vector decision icons, decision pictograms, decision flowchart elements, decision tree icons, decision signs arrows, and callouts, allowing the decision maker (even without drawing and design skills) to easily construct Decision diagrams, Business decision maps, Decision flowcharts, Decision trees, Decision matrix, T Chart, Influence diagrams, which are powerful in questions of decision making, holding decision tree analysis and Analytic Hierarchy Process (AHP), visual decomposition the decision problem into hierarchy of easily comprehensible sub-problems and solving them without any efforts.

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Management Area

The solutions from Management area of ConceptDraw Solution Park collect templates, samples and libraries of vector stencils for drawing the management diagrams and mind maps.

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