March 11, 2013

RDM presentation

In our presentation we considered production location using 2 analysis tools; decision tree and AHP. We also made the most effective media channels for advertisements. In location selection my judgement urged me to select Exmouth due to higher production rate. However, The decision tree demonstrated that in year 1 Exmouth is probably more profitable and in year 2 Lymington is more profitable and has no risk associated. This taught me that judgement is poor without support. Moreover, choosing a robust decision is more effective as plans can go forward without worrying about success rate and fluctuation.

In my career, when trying to think of a solution as an engineer cutting edge solutions can be rewarding but decision analysis might differ the opinion which can allow me to make a more robust and stable decision.

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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

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