Decision analysis is a structured approach to making complex decisions by breaking them down into smaller, more manageable parts. It involves identifying decision criteria, evaluating alternatives, and assessing potential outcomes to arrive at an informed decision.
Effective strategies for conducting decision analysis may include identifying the problem or decision to be made, identifying and weighting relevant decision criteria, evaluating and scoring potential alternatives, and assessing the potential outcomes of each alternative.
Decision analysis can be used in a wide range of contexts, including business, healthcare, and public policy, and can help individuals and organisations to make informed decisions in complex and uncertain situations.
Decision analysis
Related Semantic Entities for Decision analysis