DTace

Evaluating an R&D Project with a Decision Tree

DTace, Engineering, Finance / By vortarus

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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Evaluating a Manufacturing Decision with a Decision Tree

DTace, Manufacturing / By vortarus

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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