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Decision Tree Software for Business and Management Model Making

Decision Tree software provides a framework for analyzing business and management decision making problems that involve uncertainty. It presents all important aspects of the problem in a concise and structured pictorial representation showing: decision alternatives, expected outcomes, probabilities of occurrence, and chronological order of events.

What: Decision trees for business and management model making

A decision tree is made of nodes, decisions or chances, and nodes are made of branches. Filling out the decision tree structure with your own values returns an analytical view of the decision making problem. This view can help fact-and-data driven managers to make better-informed decisions because problems are framed in a well organized manner, they are evaluated objectively, and they can be easily modified. Decision-makers can be risk-averse, neutral, or risk takers. Thanks to utility functions, MM4XL's Decision Tree software allows you to incorporate risk attitude in the model, so that the end result reflects the propensity toward risk of the decision-maker.

When: Decision trees for business decision making

Click to enlarge	Common problems in marketing management that can be approached with decision trees include new product launches, marketing research go/no go, investment planning and allocation, pricing issues, strategy selection, and any other decision that may put the business at risk.

Who: Decision tree software for business decision-makers

The Decision Tree software tool is used by business decision-makers often supported by business analysts. Among our business decision-maker clients there are:

• General Managers and CEOs
• Business Directors
• Marketing Managers
• Pricing Managers
• Product Portfolio Managers