Decision Analysis. And Decision Tree Software. Decision Analysis. Managers often must make decisions in environments that are fraught with uncertainty. Some Examples A manufacturer introducing a new product into the marketplace What will be the reaction of potential customers?
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And Decision Tree Software
Question: Should Goferbroke drill for oil or sell the tract?
TreePlan,, can be used to construct and analyze decision trees on a spreadsheet.
P(finding) = P(Oil and finding) + P(Dry and finding)