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Advantages of decision trees
1. This clearly brings out implicit calculations and assumptions for all to see question and revise
2. This is simple to understand
Disadvantages
1. This assumes that the utility of money is linear along with money
2. This is complicated by introduction of more variables and decision alternatives
3. This is complicated by presence of interdependent dependent and alternatives variables
x+8/2=5x/6
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A company is considering whether to enter a very competitive market. In case company decided to enter in market this must either install a new forging process or pay overtime wages
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