DTace

Evaluating an R&D Project with a Decision Tree

Decision trees are useful for projects that proceed in stages where investment decisions may change over time.  In this application brief, we will use decision tree analysis to evaluate a research and development project where we are uncertain if a commercial product can be produced as a result of the research portion of the project. …

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Manufacturing decision - factory floor

Evaluating a Manufacturing Decision with a Decision Tree

In this application brief we will look at a manufacturing decision to make a key sub-assembly of a product in-house or to outsource.  If it’s made in-house, we also will look at whether it should be assembled with highly automated process or a more labor intensive process. Therefore, we have three options in our manufacturing …

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