Justify your recommendation through a quantitative analysis,
When making decisions, it is often helpful to use quantitative analysis in order to gain a better understanding of the various outcomes associated with each option. To do this, I chose to use decision trees which are diagrams that show all possible paths and evaluate their expected values. This tool allows for an efficient method of analyzing complex decisions by weighing potential costs, benefits and risks involved with different courses of action.
The main reason I chose this particular decision analysis tool is because it provides a visual representation of how results may differ based on certain criteria such as time or budget constraints. Additionally, unlike other methods such as payback period or net present value calculations decision trees offer a more comprehensive view since they account for multiple factors simultaneously. Finally, this type of analysis is also relatively easy to understand from both financial and non-financial perspectives due to its graphical nature which makes it easier for members who may not have extensive knowledge about analytics.
Overall by utilizing quantitative approaches like decision trees when making critical business decisions managers can ensure they are taking into account all relevant information while also providing them with insights that will ultimately lead to greater profitability over the long term.