0.7 0.3 Continue Patent 0.25 0.55 0.2 Continue Patent Licence Demand 23 23 23 43 21 3 -2 -2 -2 -2 -2 -2 0 0 0 0 0 0 0 0 0 0 0 0 Figure 3.32: A research and development decision (an influence diagram for the tree in the textbook).\nReference:\nRobert T. Clemen, Making Hard Decisions: An Introduction to Decision Analysis, Second Edition. Duxbury Press, 1996. Continue Development? 36 84 134 128 Patent Awarded? 265 19 360 74 Licence or Develop 178 83 262 129 The choices here are to licence technology or to develop production and marketing to sell product directly. Demand for the Product 350 78 449 134 Value 273 166 349 202 Figure 3.32: A research and development decision (an influence diagram for the tree in the textbook).\nRobert T. Clemen, Making Hard Decisions: An Introduction to Decision Analysis, Second Edition. Duxbury Press, 1996. 35 230 485 306