An example of a decision tree design is shown in regard to making a product. A firm can choose to make the product with total start-up and production expenses being $1 million, which has a probability of 0.4 that the product will turn out satisfactory. If it doesn't, the firm will have to decide whether to invest another $1 million for a redesign or buy it; the success rate in this second attempt stands at 0.9. If this too fails, then they must purchase from Ritz at $.50 per chip and an additional vendor development cost of $1 million. With EdrawMax, one can easily create similar diagrams. EdrawMax also allows exporting such detailed diagrams in multiple formats, including Graphics and Office.
