Influence Diagram Example: Revenue and Cost

Description:

This is an influence diagram template for determining the profit of a company. Product price is what the company set, and will affect the units of product that can be sold and ultimately the revenue. Fixed cost and variable cost both constitute the product cost. Finally, profit is calculated based on the revenue and cost.

Use this influence diagram template as a starting point in creating your influence diagram. Click Use this Template to customize it. No prior registration needed.

What is Influence Diagram?

An influence diagram (also called a relevance diagram, decision diagram or a decision network) is a visual representation of a decision situation. It depicts the decisions, uncertainties, and objectives as nodes of various shapes and colors. The influences among them are shown as arrows.

How to create a Influence Diagram?

Influence diagram can be easily created using a professional influence diagram software like Visual Paradigm Online:

  1. Create a new Influence Diagram.
  2. The stencil provides a rich set of influence diagram symbols you need in decision analysis. Just drag and drop the symbols you need to your influence diagram and connect them with connector lines.
  3. When you finished, you can save the diagram (File > Save as) to our cloud repository for future access. You can also export your work into image (JPG, PNG, PDF, SVG, etc) and share it with your friends or co-workers.

Keen to try VP Online?

No limitations, no obligations, no cancellation fees.


Start a Free Trial

We use cookies to offer you a better experience. By visiting our website, you agree to the use of cookies as described in our Cookie Policy.

OK