Decision Trees Flashcards
1
Q
Decision Trees
A
quantitative and methodical organisational planning tool
2
Q
square
A
represents a decision node
3
Q
circle
A
represents a chance node
4
Q
expected values
A
p x cost = revenue
5
Q
total expected values
A
added both outcomes for unsuccessful and successful
6
Q
net expected value
A
subtracting the initial costs
