A decision tree can help you make tough choices between different paths and outcomes, but only if you evaluate the model correctly. Decision trees are graphic models of possible decisions and all ...

The stochastic decision tree method builds on concepts used in the risk analysis method and the decision tree method of analyzing investments. It permits the use of subjective probability estimates or ...

Here is a [recently developed] tool for analyzing the choices, risks, objectives, monetary gains, and information needs involved in complex management decisions, like plant investment.

Decision trees are a simple but powerful prediction method.