Description
For many of the remaining topics in BUS-660, assignments will be in the form of case studies. These case studies are designed to provide an opportunity to engage in that topic's quantitative analysis method, as well as demonstrate critical thinking and appropriate professional communication.
Review "Decision Analysis Case Study: Valley of the Sun Reviews" for this topic's case study, a proposal to change the faculty performance review process at Valley of the Sun Academy (VSA).
Based on the information presented in the case study, create a decision tree or Excel-based analysis to determine the most appropriate recommendation.
In a 500-750-word report to VSA's Human Resources department and the chief financial officer, explain your approach and the rationale for this method. Evaluate both outcomes and how they would be applied to this decision. Conclude your report with your recommendation for the review process VSA should adopt.
Submit your Excel-based analysis or decision tree with your report.
Prepare the assignment according to the guidelines found in the APA Style Guide. An abstract is not required.
Decision Trees: Analysis: Choosing by Projecting 'Expected OutcomesRead "Decision Trees: Analysis: Choosing by Projecting 'Expected Outcomes,'" located on the Mind Tools website. (Note: This is a good site for gaining a high level of understanding of decision trees.)http://www.mindtools.com/dectree.html
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Explanation & Answer
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Running head: VALLEY OF THE SUN REVIEWS
Valley of the Sun Reviews
Student’s Name
Course
Institution
Date
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VALLEY OF THE SUN REVIEWS
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Valley of the Sun Reviews
A decision tree is an important management tool that is key in the decision-making
process of a company as it clarifies to the management the choices, information needs,
monetary gains, objectives and risks associated with a given investment problem. A decision
tree can simply be defined as a graph that makes use of the branching method to illustrate all
the probable results of any particular decision (McDonald-Madden, et al., 2010). Due to the
importance of decision trees in management, this paper illustrates how the management of
Valley of the Sun Academy (VSA) can use the tool to arrive at the most viable decision with
regards to the review process to be implemented.
The decision tree was selected for this evaluation over the Excel-based analysis due to
th...