What do you think are the dangers of developing and using

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Reference no: EM133471948

Topic: Read the following statement:Decision support tools are widely used in the business world and are becoming increasingly complex and specialized.

1. (Question):

What do you think are the dangers of developing and using sophisticated decision support tools?

2.(Question):

1. What is the significance of ‘What-If analysis' in business for decision making process? Write with example.2. What are the basic steps of What-If analysis?
Read the following statement:A decision tree is a diagram you use to analyze and track questions that a particular raise. Weighted factors help you compare decision factors fairly.

3.(Question):
What are the advantages of using mathematical decision tools such as decision trees and weighted factors? Discuss with example.

Reference no: EM133471948

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