a decision tree is a diagram of a horizontally

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Unformatted text preview: cision Tree??? A decision tree is a diagram of a horizontally-oriented tree. It allows us to evaluate one or more interdependent risks. Dr. Maged Ezzat Georgy Decision Decision Trees Each risk could have multiple outcomes corresponding to levels of severity. Outcomes are listed at the far left of the tree branches. Dr. Maged Ezzat Georgy Decision Trees The tree has uncertainty points (represented by circles). At any uncertainty point, there could be several states. Dr. Maged Ezzat Georgy Decision Decision Trees For instance, performance could be good, moderate, and poor. Each state will produce a certain outcome (e.g., in $). Dr. Maged Ezzat Georgy Decision Trees Finally, probabilities associated with the states at some uncertainty point should add up to 1.0. Dr. Maged Ezzat Georgy Decision Decision Tree Example Due to the far location of a certain construction job, the company executing the project might use unskilled labor (pro...
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