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.

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 ...

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.

The US Centers for Disease Control and Prevention published six “decision trees” Thursday aimed at helping businesses, communities, schools, camps, daycares and mass transit decide whether it ...

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 ...