Influence diagrams as a maintenance decision making tool
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An influence diagram is a simple visual representation of a decision problem. It offers an intuitive way to identify and display the essential elements, including decisions, uncertainties, and objectives, and how they influence each other. These dependencies can be viewed more clearly than a decision tree. These diagrams, also called decision graphs, consist of a direct acyclic graph (DAG) known as its structure that depicts relationships among variables in a decision problem and conditional probabilities distribution of each node given evidence on its parents (nodes that have a direct arc into the considered node) known as its parameters. An influence diagram has 3 types of nodes as shown by the following nodes: