Decision analytics help you evaluate your options. A decision tree is an excellent tool that allows you to lay out options and investigate the possible outcomes to then objectively choose your course of action. Along with value and sensitivity analysis, you will have the tools to make an impact.
Learning Objectives
• Analyse decision trees [SR1] for deciding the best course of action.
• Apply sensitivity analyses to project outcomes using multiple measurement techniques.
• Analyze how decision trees are affected by the information available.
Major Topics
- • Decision trees
- preparation
• Decision trees - value of information
• Sensitivity analysis
