Decision analysis cycle
ID: decision-analysis-cycle
The Decision Analysis Cycle (DAC) is a systematic approach to making decisions that involve uncertainty and complexity. It helps organizations and individuals make informed choices by breaking down the decision-making process into clear, manageable steps. While different frameworks may exist, a common structure includes the following key phases: 1. **Problem Definition**: Identify and clearly articulate the decision problem. This includes understanding the objectives, constraints, and the context of the decision.
New to topics? Read the docs here!