Explain Decision Analysis for Production with Uncertain Demand
Problem- I would like to know how decision analysis could be used to solve a business problem in an organisation you have worked in or that interests you.
Part 1- Describe a decision tree and tell me how a tool such as this can be utilized to improve decision making.
I need help to provide the concept of result analysis and applies it to the problem of production with uncertain demand in their real-world company, using a decision tree.