DECISION TREES - A PERSPECTIVE OF ELECTRONIC DECISIONAL SUPPORT

Nicolae Mărginean, Janetta Sîrbu and Dan Racoviţan

Annales Universitatis Apulensis Series Oeconomica, 2010, vol. 2, issue 12, 15

Abstract: Without substitute decision-maker, decision support system, through their components, can facilitate the work of decision-maker by providing useful clues to solving problems and identifying opportunities. Choosing an optimal solution in case of complex decision making processes, with a degree of uncertainty, involving a series of interdependent decisions, performed in several periods of time, can be achieved using decision trees. Suggestive and simple properties propel decision trees among the tools with a high degree of adoption and integration in electronic decisional systems.

Keywords: tree; decision; risk; rollback; certainty (search for similar items in EconPapers)
JEL-codes: M15 (search for similar items in EconPapers)
Date: 2010
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