Use of Decision Tree and Risk Analysis as Aid of Decision Making(Case Study)
Journal Title: International Journal of Engineering and Science Invention - Year 2017, Vol 6, Issue 12
Abstract
Decision Tree (DT) is used successfully in many various areas such as big companies, institutes, industrial sectors and Governments with professional consultants to take a right hard decision among several true ones. The most important feature of DT is their capability to break down a complex decision-making process into a collection of simpler decisions, thus providing a solution which is easier to take. This paper presents a case study that using DT structure design, feature selection at each internal node, and decision making using expected monetary value (EMV). However, two analysis methods would be carried to assist decision making which they are the risk profile strategy and sensitivity analysis.
Authors and Affiliations
Abushaefah Abdulsamad, Mohammed Yussef
Keywords
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