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Connecting Decisions to Data: A Case Study

Connecting Decisions to Data: A Case Study | Decision Intelligence News | Scoop.it

 

"Suppose you are responsible for a new product that has reached a milestone in its development lifecycle. You're ready to build it and to sell it. You are faced with three decisions:

 

  1. How much should I charge for each unit of the product?
  2. How many units should I order for my first run?
  3. How big an investment should I make in marketing the product?"

 

Decision Intelligence's insight:

This article begins a case study description showing how decision modeling and simulation works in practice to support evidence-based decision making. The example here is from product management, but applies in many domains.

BarrieRoofing705's comment, March 6, 2022 6:51 PM
nice
justicefamilylawyers's comment, March 29, 2022 11:13 AM
nice
R3S3TClothing's comment, April 9, 2022 7:24 AM
good
Decision Intelligence News
Decision Intelligence (DI) is the discipline concerned with how organizations and individuals design, support, and improve decision making at scale. It connects actions to outcomes in context by integrating human judgment, data, models, text, and AI into coherent decision systems. Decision Intelligence News curates developments across DI and related fields, including AI, machine learning, governance, enterprise architecture, orchestration, measurement, and decision modeling. Learn more at www.opendi.org and www.learn-di.com.
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