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   Decision Trees
     

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build a likely model and then study the results, seeking the impact of certain alternatives and the relationship among alternative courses of action. If it is possible to assign appropriate probabilities to the various branches, the result is both a decision-making tool and an effective vehicle for the communication of analysis.
     
     It is possible that an alternative not previously considered might suddenly rear its head. Return, for example, to that slightly dampened patio a few hours before the guests are due to arrive for the party. You might suddenly have the inspiration to call a local rental firm or funeral parlor to provide a canopy for the evening. At such times the original analysis reels with some shock, but you
     
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Posted: May 08, 2007 08:43 AM
Last Updated: May 08, 2007 08:43 AM