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SAB5#132_Decision_Tree_Example
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SAB5#132_Decision_Tree_Example
A decision tree takes into account future events in making a decision today
It calculates the expected monetary value in more complex situations (probability times impact)
it involves mutual exclusivity
Decisions trees helps in the analysis between many alternatives by taking into account the associated risks, probability and impacts
A decisión tree is and be able to calculate a simple one from provided data. Usually you have to calculate the expected monetary valueof your decision
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- Certificacion RISK MANAGEMENT Mind Map on SAB5#132_Decision_Tree_Example, created by Maria Gonzalez on 16/05/2015.
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- Maria Gonzalez
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- Created by Beatriz Alcalá · May 16, 2015
- Copied by Maria Gonzalez · May 16, 2015
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