Decision trees, as Sam L. Savage, author of Decision Making with Insight (Brooks/Cole, 2003), notes, “can sharpen and formalize the decision-making process …” ...

How Does a Decision Tree Work? Let's start with a simple example, and explain how decision trees are used to value investment alternatives.

What is a Decision Tree? A decision tree is a visual and logical model used to guide decision-making or make predictions. It breaks down complex problems into a sequence of simpler choices. Each ...

Plant a Decision-Making Tree - 09/26/2005As a result, incoming salespeople are handed an abandoned account list and a shovel to dig up new names and bury old ones. This takes precious time away ...

How to Evaluate a Decision Tree Model. A decision tree can help you make tough choices between different paths and outcomes, but only if you evaluate the model correctly. Decision trees are ...

Values-based decision making differs substantially from more traditional, top-down models of decision making in that everyone in an organization has a part to play in establishing and maintaining the ...

Back then, decision-making trees were penciled on white paper, with changes written on sticky squares of yellow paper, all shielded by a thick manila folder.