Flashcards
Decision Tree pro and cons
Cards in this deck (8)
- 1Decision Tree Advantage - AlternativesThey encourage careful consideration of all alternatives
- 2Decision Tree Advantage - TacticalThey are useful when making tactical or routine decisions rather than strategic
- 3Decision Tree Advantage - Logical ApproachThey set out problems clearly and encourage a logical approach to decision making
- 4Decision Tree Advantage - Quantitative ApproachEncourage a quantitative approach that may improve results and process can be computerized.
- 5Decision Tree Disadvantage - Less AccountThey may lead to managers taking less account of important qualitative issues
- 6Decision Tree Disadvantage - New decisionsThey are less useful in relation to completely new decisions or problems and one-off strategic decisions or problems.
- 7Decision Tree Disadvantage - Estimate probabilitiesit is difficult to get accurate and realistic data in order to estimate probabilities
- 8Decision Tree Disadvantage - Business EnviromentThey ignore the constantly changing nature of the business enviroment.
Information
- Description
- Flashcards on Decision Tree pro and cons, created by bboyd6351987 on 06/11/2014.
- Created by
- bboyd6351987
- Views
- 12
- Rating