This is an idea for a new user interface for building decision trees. The video above shows how a decision tree is created to determine which of two products should be developed. Here's the process:
A company wants to develop a new product. There are two product ideas:
The development team can do only one product, so a decision has to be made on which product to develop.
The development costs are estimated to be:
Revenue from sales of the smoke and fire detector are estimated to be:.
The chances of each product succeeding are estimated to be:
Which product should be developed?
The motion detector has the higher expected monetary value, with the path shown in green.