All entries for Sunday 14 April 2013

April 14, 2013

A deeper look into decision tree

The decision tree analysis tool is used to understand the consequences of a decision in numerical terms. However, this decision can be way in future and while time passes evaluation of circumstances can change as the decision point comes closer views become clearer. Moreover, it has to be taken into consideration that a decision tree analyse the decision consequence for a specific period of time while if this period is changed the overall decision can change, hence, time scaling and sensitivity analysis should be taken into consideration.

Having an overall of the decision tool capabilities, limitations and bias possibility is important to have an overview of where the decision will be leading. This awareness allows the decision maker to understand the tool limitation to cover for it by another decision tool and check for the decision validity during progress to decision.

As an engineer this will help me understand the financial consequences of the team technical decisions. Moreover, in new product development it will be beneficial to revisit the decision tree after provisional decision to understand what changes in market demand and strategic objectives have happened and how it can affect the product development decision financially.

April 2013

Mo Tu We Th Fr Sa Su
Mar |  Today  | May
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30               

Search this blog



Most recent comments

  • Good point, you dont have to consider it while using the decision tree as the available data is limi… by Ahmed Alali on this entry
  • Good point Bu Salim. However, i failed to mention that a decision objective is linked to the busines… by Ahmed Alali on this entry
  • I do agree with you Ahmed that certain modification enhance GA performance, however, even if someone… by Waddah Alharthi on this entry
  • as u said, the time scaling and sentivity need to be taken into account… i agree but do u think in… by Tzu-i Yang on this entry
  • i agree with u … choosing tools is not easy… we might fall into trap info….it was whyi decisio… by Tzu-i Yang on this entry

Blog archive

Not signed in
Sign in

Powered by BlogBuilder