Influence Diagram

An influence diagram is a visual tool used to map out decisions, uncertainties, and outcomes in a complex situation. It shows how different factors, such as choices or random events, affect each other, helping decision-makers understand potential consequences and trade-offs. By illustrating relationships and dependencies, an influence diagram simplifies complex scenarios, making it easier to analyze options and make informed choices. It's commonly used in fields like economics, engineering, and management to support strategic planning and risk assessment.