Justify your recommendation through a quantitative analysis, utilizing the appropriate decision analysis tool. Explain why you chose the decision analysis tool you used.

You can justify your recommendations by using a numerical analysis.

In order to understand better the different outcomes that each option can have, quantitative analysis is useful when making decisions. For this I decided to use decision tree diagrams, which represent all the possible options and calculate their value. The tool is a great way to analyze complex decisions. It allows you to weigh the costs, risks and benefits of different actions.

It is a decision-analysis tool that I selected because of its visual representations. For example, it shows how different results can be based on time and budget restrictions. Decision trees, in contrast to other methods like net present value or payback periods calculations offer a more complete view because they take into account multiple factors at once. Due to its graphic nature, it is relatively simple to comprehend from both a financial and nonfinancial standpoint.

Managers can use quantitative methods like decision trees to ensure that they take into consideration all pertinent information when making important business decisions. They will also gain insights which ultimately result in greater profits over time.