16 – Decision Analysis

Decision analysis (often called ‘’DA’’) is a quantitative and systematic evaluation of the choices that need to be made. It supports decisions with technical reasoning and related evidence, as well as other elements like Management, training, economics, and physiological.

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Definition

Decision analysis (often called ‘’DA’’) is a quantitative and systematic evaluation of the choices that need to be made. It supports decisions with technical reasoning and related evidence, as well as other elements like Management, training, economics, and physiological.

Decision analysis examines and models the possible consequences of different decisions about a given problem.

Why use decision analysis?

 

  • DA helps you make the right decision.

  • It maintains the formality and professionalism in your process.

  • It is rapidly strengthening and complexifying as it can use more and more emerging analysis tools.

Decision Analysis Approaches

How to do Decision Analysis:

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