![]() ![]() Calculate the results by multiplying the result by the percentage probability for each end branch in that outcome and subtract the cost of that course of action. Assign a possible amount to each triangle at the end of the branches.Ĥ. Note: When adding percentages all the lines from a single node need to equal 100, if you’re using fractions they need to add up to 1.ģ. ![]() To analyze your options numerically, add an estimate for the probability of each outcome. Look at each line and add an amount to each.Ģ. Once you’ve got the basic layout of a decision tree complete, you can add values to each line to garner more intelligence. Continue to do this until you reach the end of possibilities and then draw a triangle, signifying the outcome. On each line write a possible solution and connect it to the next node. Nodes have a minimum of two branches extending from them. Squares represent decisions, while circles are for uncertain outcomes. ![]() The key elements are called nodes, and appear as a square or circle with branches (lines) connecting them until a result is reached. One of the nice things about a Decision Tree Diagram is that there aren’t a lot of elements.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |