Decision Evaluation and Implementation Slp Assignment

Decision Evaluation and Implementation Slp - Assignment Example he other hand, I also had this thought of saving this many so that I might use it to buy myself some nice cloths, shopping, expand my business or even go out with friends. These were some of the short-term ideas I had about how to spend the money. It was never clear to me and at some point, I got confused over what exactly I needed to do with my savings. It was also not clear to me whether I wanted to use this money soon for a short-term goal, or in the future, for a long-term goal. I needed to find a decision making tool that could suit my problem to help me with decision making. After studying my choices keenly, I realized that they were they could widely be categorized into two types of choices. In this case, there were those choices for the short-term while others belonged to the long-term choices. I then came to find out that the best decision-making tool that could suit my situation was the use of a decision tree. A decision tree is this type of decision making tool which categorizes decisions into two different types making them be in two choices (Francis & Arsham, 2010). Probability is then applied on the events of each side of the decision to find which decision should be taken up. Similarly, while separating the decisions into two different decision sides, elimination of the unwanted decisions can be done by applying the benefits that the decision can give to you, and comparing it with the benefit that the other decision on the other side of the tree is capable of giving. This decision making tool was found to be most appropriate as it gives two sid es of the situation, hence giving us an easy way of making decisions through taking up the decisions on the most appropriate side. The decision tree is developed by establishing all the possible outcomes in a decision making process. Here, the possible outcomes were equated to the possible uses of money I had. It was then developed as below. The decision tree was developed by listing all the possible all the