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Decision tree

A framework for representing alternatives for use in decision analysis. A decision tree is a decision support, visual device that uses a tree-like graph or model of decisions and their potential consequences. It explores chance event outcomes,  resources, costs, and utility. Decision trees are commonly used in operations research, expressly in decision analysis, to develop a strategy most likely to achieve a goal. Another use of decision trees is as a visual means for determining conditional probabilities.

See also:
Decision flow diagram
Decision making unit (DMU)

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