Revisiting decision trees

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Abstract
Explores, using appropriate examples, the ways in which decision trees can be used by the manager to assist in the longitudinal decision-making process. Since the mathematical concepts associated with decision trees are complex, managers can be reluctant to attempt to use decision tree models. A recognition that such models can be simply developed in a spreadsheet environment, and can then be used for sensitivity analysis using different decision criteria, demonstrates that decision trees can offer valuable insights into the structure of a strategic decision problem.

This publication has 1 reference indexed in Scilit:

  • Quantitative
    Annales Scientifiques de lʼÉcole Normale Supérieure, 2016