Question

1. Decision support tools are widely used in the business world and are becoming increasingly complex and specialized. What do you think are the dangers of developing and using sophisticated decision support tools?
2. What are the advantages of using mathematical decision tools such as decision trees and weighted factors?
3. Suppose that you are about to make a major decision, such as returning to school full time (or ending your academic career to work full time). How could you use a tool discussed in this Part to help you as you make your decision?

Answer 1

Answer-

If the choice support tools become too advanced, folks square measure less doubtless to use them or to take advantage of their subtle options. rather than serving to to clarify issues, solutions, and choices, they may complicate choices by providing an excessive amount of info.

A decision tree could be a diagram you utilize to investigate and track queries that a selected raises. Weighted factors helps you compare call factors fairly. each tools assist you build decisions supported objective measures. they'll additionally assist you to be analytical and consistent in higher cognitive process. as an example, once making a choice tree, you determine the options within the call or downside, verify whether or not you wish to require action or build a decision, estimate what proportion every choice is price to you or your organization, and then calculate the worth related to every doable outcome. Similarly, exploitation numeric weights when ranking choices helps you to be analytical and objective.

Whether making a quantitative model, acting a what-if analysis, advisement factors, or designing a choice tree, you begin by distinguishing the matter. as an example, you would possibly want to come back to highschool to coach for a particular career. Next, you identify that factors square measure important to you. What sort of program square measure you wanting for? what proportion cash are you able to spend on tuition? does one have to be compelled to take categories at a particular time of day? will the college need to be accessible by public transportation? The answers to those queries square measure your decision criteria. as an example, your criteria could be a faculty in your town or close that offers Associate in Nursing academic degree in business administration for fewer than $150 per credit, offers classes on evenings and weekends, and is accessible by public transportation. When using weighted factors or a choice tree, you ought to additionally decide however necessary every issue is to your call. as an example, accessibility by public transportation may not be vital if you'll be able to drive to highschool. If you're continued to figure or give care to members of the family, the evening and weekend categories could be vital. once deciding and advisement criteria, you determine your alternatives, that square measure all the colleges that meet the factors. Then you assess all the colleges in step with the factors and rankings you allotted. Finally, you select the simplest school—the one that meets all or most of the criteria—and register for classes.