Using decision trees for investment project evaluating
Ivan Pavkov, Dragan Jočić · Skola biznisa · 2012
Traditionally, decision trees are used for graphical representation of the set of possible alternatives which decision maker has on disposal. Recently, decision trees are not used only as a graphical wireframe in decision making. Moreover, together with fuzzy sets, they are used for alternative evaluating and evaluating of the project as a whole providing an optimal long-term investment strategy for decision maker. Fuzzy decision trees, a generalization of decision trees in fuzzy environment, are used for extracting fuzzy rules from training data and leads to approximate reasoning in economics.