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 the problem
Create a project in which the parameters are the choices.
Add risks and benefits
Think and describe the known risks and benefits.
Run decision Analysis if you need to calculate most optimal decision.
Experiment on your data. Try to apply this app for make optimal decisions.