Scottish scientist Dr. Stuart Pugh developed a method for improvement selection called Pugh’s Controlled Convergence. More commonly known as the Pugh Matrix, it formalizes the decision-making ...

A decision matrix is a tool that helps you choose among several financial options by compressing the criteria and choices to fit on a single page, highlighting the most important differences.

Allocate costs to the various branches of the decision tree. In our example, it would cost an additional $100,000 a month to run 24/7 with overtime, it would cost 2.5 million up front plus $50,000 ...

A decision matrix can help you narrow a number of choices down to one—particularly, Drader says, when the amount of work tasks in front of you are making you feel paralyzed by “overwhelm.” ...

For example, a decision with an outcome of $150,000 that costs $20,000 to attempt is dangerous if your business can't afford to lose $20,000. Eliminate outcomes with unaffordable attached risks.

Gang-Zhi Fan, Seow Eng Ong, Hian Chye Koh, Determinants of House Price: A Decision Tree Approach, Urban Studies, Vol. 43, No. 12 (November 2006), pp. 2301-2315 ...