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Decision Analysis for the US Army - Essay Example

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Ph.D.
Essay
Marketing
Pages 4 (1004 words)

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Decision Analysis for the United States Army Name: Institution: Instructor: Subject: Date: Case analysis for the U.S. Army Decision analysis tools have been applied for inventory control, resource allocation, scheduling of funds, replacements amongst other problems…

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Decision Analysis for the US Army

Analytical decisions are undertaken when there is ample time to compare the facets, in order to choose the most profitable course of direction. The best module amongst the alternatives is taken (See appendix). In this case the supply of weapons is done from the highest bidder and of the best quality. Decision trees This is a tool that allocates data for decision making in form of tree in order to analyze the variable hence make the decision. The tool breaks down the data in logical and simple manner thus easy to understand. Any mistakes made in the data translate to the tree model. Each nodule of the tree represents an attribute, the branches corresponds to an attribute while each leaf assigns a classification. The module is very simple to use and interpret and it can handle both numerical and categorical data. The decision trees can be used for validation analysis as other statistical approach follows (Andrew, 2005). The simple illustration below describes the case of buying or making weapons. A decision is made after thoroughly considering all the uncertainties involved then a decision is made. Cost factor can be used to make the decision and the manufacturing option would be adopted. Nonetheless, other factors need to be considered in real situation analysis e.g. quality, time taken etc. ...
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