January 2018
Intermediate to advanced
480 pages
236h 9m
English
book
Operations Management: Processes and Supply Chains, 12th Edition
by Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
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Decision Trees
The decision tree method is a general approach to a wide range of processes and supply chain decisions, such as product planning, process analysis, process capacity, and location. It is particularly valuable for evaluating different capacity expansion alternatives when demand is uncertain and sequential decisions are involved. For example, a company may expand a facility in 2015 only to discover in 2018 that demand is much higher than forecasted. In that case, a second decision may be necessary to determine whether to expand again or build a second facility.
A decision tree is a schematic model of alternatives available to the decision maker along with their possible consequences. The name derives from the treelike appearance of ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.