Discussion 1

Describe in at least two paragraphs the quantitative analysis approach, to include a high level overview of the importance of identifying the problem, developing a model, acquiring input data, developing a solution, testing the solution, analyzing results, and implementation.

Discussion 2: Decision Analysis

Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.

Describe a decision tree and discuss how such a tool can be utilized to improve decision making.