Decision Tree

Description of Decision Tree. Explanation.

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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.

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

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End of description Decision Tree. An explanation.