Real options are the flexibilities that are inherent in general business or other decision situations. In general, a real option is present in any decision situation involving a decision-chance-decision sequence; the possibility to (at the second decision) select from...
This is a continuation of Part I in this series on Decision Tree Analysis. Life is full of tough choices. Most of us muddle through them using best guesses and gut feelings. But have you ever wondered if there might be a more sophisticated way to make decisions? Many...
What are the characteristics of successful managers? Surveys consistently show decision-making ability at or near the top of the lists. Perhaps no management activity is more important. Risk and Decision Analysis in Projects by John R. Schuyler presents the approach...
A Purchasing Strategy Example Palisade’s PrecisionTree software allows you to analyze the probabilities of different outcomes, and their impacts, in sequential, multi-stage decisions. The decision trees in PrecisionTree show the probabilities of these outcomes...
