In last month’s article, we touched on the importance of probability in our daily lives. We shared brain teasers and non-intuitive facts that highlighted how an understanding of probability can help ...

Decision trees are major components of finance, philosophy, and decision analysis in university classes. Yet, many students ...

Business owners have to make decisions every day on issues fraught with uncertainty. Information is not perfect, and the best choice is not always clear. One way to handle these vague situations is to ...

Decision tree analysis is a method of constructing a decision tree, which is a detailed representation of numerous potential solutions that can be utilized to address a specific problem to choose the ...

Decision trees are useful modeling tools to help you make decisions. Decision trees offer a structure to organize options and help you understand the possible results of choosing specific options.

A two-step decision tree analysis, incorporating Donabedian’s model, is a feasible process to evaluate and distill the many available quality standards, guidelines, recommendations and indicators in ...

Good technical and business decisions are based on competent analysis of project costs, benefits and risks. Participants learn the decision analysis process and foundation concepts so they can ...

The cotton bollworm, Helicoverpa armigera (Hϋbner) is one of the most important pests affecting crop production globally. The data-mining technique, for predicting pest incidence using biotic and ...