Decision analysis is a systematic, quantitative, and visual approach to making decisions under uncertainty. It involves applying various tools and techniques to evaluate the potential outcomes of different choices and to assess the risks and benefits associated with each option. Decision analysis is commonly used in fields such as business, healthcare, engineering, and public policy. Key components of decision analysis include: 1. **Defining the Problem:** Clearly identifying the decision to be made and the objectives to achieve.

Articles by others on the same topic (0)

There are currently no matching articles.