MIS 111 Lecture Notes - Lecture 34: Decision Tree Learning, Explicit Knowledge, Brainstorming

• School: University of Arizona
• Department: Management Info Systems Main
• Course: MIS 111
• Professor: ALL

Document Summary

Contributor anonymity: focus on ideas, not authors, full disclosure, constructive. Parallel processing of discussions: more ideas and information, full contribution, rapid. Thinktank is a group-oriented decision making tool that can be used for:: brainstorming, Organizing projects, prioritizing options, voting on alternatives, building consensus, Comparison of process models for: knowledge management (km) process and. Two types of knowledge based decision making. Quantitative: often used when a decision is based on explicit knowledge, involves analysis using math in some form. Quantitative analysis uses structured data and decision making methodologies. Economic analysis methods: return on investment (roi), p/e stock analysis. Decision trees: a branching decision tree has you select between alternative, based on known data, may involve multiple choices; inductions, having multiple paths a decision. Decision matrices: allow you to determine the factors you want to base the decision on, weight then, and then assign rankings to different alternatives to allow comparisons; multiple factors simultaneously weighted in terms of the process.