Decision Tree

Description of Decision Tree. Explanation.

Definition Decision Tree. Description.

A Decision Tree is a graphical diagram consisting of nodes and branches that depicts the anatomy of a business decision and the interplay between a present decision, chance events, competitors’ activities, and possible future decisions and their results. It can be used to examine various things, such as: new product development, research and development options, plant modernization programs.

Compare also: Mind Mapping  |  Theory of Constraints  |  Feasibility Study  |  Centralization and Decentralization

Return to Management Hub: Communication & Skills  |  Decision-making & Valuation

More on Management  |  Return to Management Dictionary  | 

End of description Decision Tree. An explanation.