About this document
Decision Tree Analysis in Engineering by David Rifianto is a document available to read on EtoBox.
- Decision trees are diagrams that depict sequential decision problems and outcomes over time to simplify complex problems. - The example document presents a decision tree analysis of a company evaluating whether to replace an existing compressor design with a new more efficient design. - The analysis finds the expected present worth of the new design is $1,086, making it economically preferable to the current design. However, additional testing could further reduce uncertainties and increase its value.
- Author
- David Rifianto
- Language
- EN