Method of decision tree applied in adopting the decision for promoting a company
The decision can be defined as the way chosen from several possible to achieve an objective. An important role in the functioning of the decisional-informational system is held by the decision-making methods. Decision trees are proving to be very useful tools for taking financial decisions or regard...
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| Format: | Article |
| Language: | English |
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Editura Fundatiei Romania de Maine
2015-09-01
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| Series: | Annals of Spiru Haret University Economic Series |
| Subjects: | |
| Online Access: | http://anale.spiruharet.ro/index.php/economics/article/view/661 |
| _version_ | 1818989740608716800 |
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| author | Cezarina Adina TOFAN |
| author_facet | Cezarina Adina TOFAN |
| author_sort | Cezarina Adina TOFAN |
| collection | DOAJ |
| description | The decision can be defined as the way chosen from several possible to achieve an objective. An important role in the functioning of the decisional-informational system is held by the decision-making methods. Decision trees are proving to be very useful tools for taking financial decisions or regarding the numbers, where a large amount of complex information must be considered. They provide an effective structure in which alternative decisions and the implications of their choice can be assessed, and help to form a correct and balanced vision of the risks and rewards that may result from a certain choice. For these reasons, the content of this communication will review a series of decision-making criteria. Also, it will analyse the benefits of using the decision tree method in the decision-making process by providing a numerical example. On this basis, it can be concluded that the procedure may prove useful in making decisions for companies operating on markets where competition intensity is differentiated. |
| first_indexed | 2024-12-20T19:43:17Z |
| format | Article |
| id | doaj.art-21dd3c7685a74bb0ac0436d557f7756d |
| institution | Directory Open Access Journal |
| issn | 2393-1795 |
| language | English |
| last_indexed | 2024-12-20T19:43:17Z |
| publishDate | 2015-09-01 |
| publisher | Editura Fundatiei Romania de Maine |
| record_format | Article |
| series | Annals of Spiru Haret University Economic Series |
| spelling | doaj.art-21dd3c7685a74bb0ac0436d557f7756d2022-12-21T19:28:29ZengEditura Fundatiei Romania de MaineAnnals of Spiru Haret University Economic Series2393-17952015-09-01153475610.26458/1535661Method of decision tree applied in adopting the decision for promoting a companyCezarina Adina TOFAN0Spiru Haret University, Câmpulung MuscelThe decision can be defined as the way chosen from several possible to achieve an objective. An important role in the functioning of the decisional-informational system is held by the decision-making methods. Decision trees are proving to be very useful tools for taking financial decisions or regarding the numbers, where a large amount of complex information must be considered. They provide an effective structure in which alternative decisions and the implications of their choice can be assessed, and help to form a correct and balanced vision of the risks and rewards that may result from a certain choice. For these reasons, the content of this communication will review a series of decision-making criteria. Also, it will analyse the benefits of using the decision tree method in the decision-making process by providing a numerical example. On this basis, it can be concluded that the procedure may prove useful in making decisions for companies operating on markets where competition intensity is differentiated.http://anale.spiruharet.ro/index.php/economics/article/view/661decision, decision-making methods, decision trees, information system |
| spellingShingle | Cezarina Adina TOFAN Method of decision tree applied in adopting the decision for promoting a company Annals of Spiru Haret University Economic Series decision, decision-making methods, decision trees, information system |
| title | Method of decision tree applied in adopting the decision for promoting a company |
| title_full | Method of decision tree applied in adopting the decision for promoting a company |
| title_fullStr | Method of decision tree applied in adopting the decision for promoting a company |
| title_full_unstemmed | Method of decision tree applied in adopting the decision for promoting a company |
| title_short | Method of decision tree applied in adopting the decision for promoting a company |
| title_sort | method of decision tree applied in adopting the decision for promoting a company |
| topic | decision, decision-making methods, decision trees, information system |
| url | http://anale.spiruharet.ro/index.php/economics/article/view/661 |
| work_keys_str_mv | AT cezarinaadinatofan methodofdecisiontreeappliedinadoptingthedecisionforpromotingacompany |