Buying a TV Set Decision Tree Plan Paper


Question Description

Paper preparations:

Presents the application of one of the tools given in the course to a decision problem in business or personal life

Evaluation criteria:

Application problem description and importance (10%)

Solution procedure identification and rationale (10%)

Solution results presentation (40%)

Discussion of application experience and possible extensions (40%)

Evaluation based on clarity, correctness, and insights

Must be more realistic than homework or at most 60%.

The topic is decision tree, the powerpoint is attached.

Tutor Answer

School: UC Berkeley


Running head: DECISION TREE


Decision Tree: Best Plan for Buying a TV Set
Institutional Affiliations



Decision Tree: Best Plan for Buying a TV Set
In this decision tree application, the decision involves the best way to find a TV set
replacement. The typical process of purchasing the television will have to do with an analysis of
the most affordable options, the highest quality purchase and one that will ensure durability, that
is, lesser technical issues and one that is in conditions and with specifications that I require.
There are several alternatives for purchasing the new television including the normal in-store
purchase, a hire-purchase plan from an independent retailer, online shopping or getting a used
one. While purchasing a new TV set is an important decision, there are other, far more pressing
financial issues. First, purchasing the TV from a local store will finish up my pocket change
meant to last me the next month, my personal savings are highly jeopardized by a recent loan
repayment and the house also needs supplies for at least two weeks.
The purchase decision when buying the TV set has significant implications on the type of
experience that I am to get when taking such action. One of the main solutions to the
predicament of making the wrong choice in the purchase plan has to do with construction of a
decision tree or a decision diagram. Kerzner & Kerzner, (2017) defines ...

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Good stuff. Would use again.

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