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decision tree

Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.

Describe a decision tree and discuss how such a tool can be utilized to improve decision making.

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Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.

The organization that I have worked for is a molded plastic toy maker. Decision analysis can help solve the business problem of production planning. The basic problem related to whether mold dolls or soldiers. If the company makes dolls and there is high demand for soldiers the company loses revenues and has to write off large inventories. There is some information about the current market developments based on ...

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This response presents a brilliant discussion on decision tree

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