Multistage Monte Carlo Method for Solving Influence Diagrams Using Local Computation

@article{Charnes2004MultistageMC,
  title={Multistage Monte Carlo Method for Solving Influence Diagrams Using Local Computation},
  author={John M. Charnes and Prakash P. Shenoy},
  journal={Management Science},
  year={2004},
  volume={50},
  pages={405-418}
}
T main goal of this paper is to describe a new multistage Monte Carlo (MMC) simulation method for solving influence diagrams using local computation. Global methods have been proposed by others that sample from the joint probability distribution of all the variables in the influence diagram. However, for influence diagrams having many variables, the state space of all variables grows exponentially, and the sample sizes required for good estimates may be too large to be practical. In this paper… CONTINUE READING
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