A pay-off table depicts the economics of the given problem. A pay-off is a conditional value a conditional profit, loss, or, may be, a conditional cost. It is conditional in the sense that associated with each course of action is a certain profit/ loss, given that certain event has occurred. Thus the profit or loss resulting by the adoption of a certain strategy is dependent upon, and is therefore associated with, the particular event that may occur. A pay-off table thus represents the matrix of the conditional values associated with all the possible combinations of the acts and the events.Pay offs:- In order to evaluate each possible course of action, the result of each event with each course of action have a value (or pay off) placed upon it. A number of consequences result from each action under different conditions, the conditions being various states of nature, the consequences will be m x n problems, consequences can be expressed in terms of money and utility.The consequences may be evaluated in several ways such as:(i) In terms of profit(ii) In terms of cost(iii) In terms of opportunity loss and(iv) Units of satisfaction or utility.
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis, 2. Situation analysis and course of action development, 3. Analysis of each course of action, 4. Comparison of each course of action, 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis, 2. Situation analysis and course of action development, 3. Analysis of each course of action, 4. Comparison of each course of action, 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order
1. Detailed mission analysis 2. Situation analysis and course of action development 3. Analysis of each course of action 4. Comparison of each course of action 5. Decision or 1. receipt of the mission 2. mission analysis 3. COA development 4. COA analysis 5. COA selection 6. issue the order