Advanced Algorithms Lecture 8 Harvard

Making decisions in the face of uncertainty. There is a cost to making decisions.

Competative analysis.

Each day must either rent skis for $1 ir buy skis. Or B.

Rent for B days, buy skis.

Amortized cost refers to the buy price of an asset, adjusted for factors like interest rates and payments made over the lifetime of the asset. It allows assets to be valued on financial statements in a way that accounts for changes in value over time as the asset is used or paid off over time fully or non fully.