Choosing the optimal decision

Choosing the optimal decision

This example show how to make optimal decision.You are the owner of a small bakery looking for the ways to increase sales and expand the range. What is better ? – to upgrade current equipment or to purchase new equipment to expand the range ? Let's try to find out !

Describe problem

Describe the problem

Create a project in which the parameters are the choices.

Add risks and benefits

Add risks and benefits

Think and describe the known risks and benefits.

Run analysis

Run analysis

Run decision Analysis if you need to calculate most optimal decision.

Analyze results

Analyze results

Experiment on your data. Try to apply this app for make optimal decisions.

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