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Herzing University Quantitative Decision Making Essay

 

This assessment addresses the following course objective(s):

  • CO2 – Analyze appropriate methods of quantitative analysis used for business problems

In this assignment you will create decision tree for a business that is considering expanding to a new location. An important part of this analysis will be the details that you create for the business itself. Feel free to pick any industry that you are most familiar with, that will allow a multi-node approach.

Submit

  • Write a one to two paragraph description of the business and its market. If you are using an actual business or industry, include links to references that explain the market. If you are using a fabricated business, your description should be more complete so as to explain the forces at play.
  • Include multiple nodes that can affect outcomes. Your decision tree must include three root nodes and multiple leaf nodes.
    • One must be financially related with quantifiable numbers.
    • One must be market related (for example marketing)
    • One node is at your discretion (for example staffing)
  • Generate a graphic of the decision tree using Microsoft Word or another application of your choice.
  • Include one to two pages of discussion of the decision tree and possible branches based on your specific example.
  • Include a recommendation with justification based on your opinion of the business and or market.
  • All supplemental sources used must be cited and referenced.