Krzysztofowicz, Roman Department of Systems Engineering, University of Virginia, Charlottesville, Virginia.
Last reviewed:January 2020
- Principles and methodology
- Situations and techniques
- Multiobjective decision analysis
- Measurement of probability and utility
- Related Primary Literature
- Additional Reading
An applied branch of decision theory. Decision analysis offers individuals and organizations a methodology for making decisions; it also offers techniques for modeling decision problems mathematically and finding optimal decisions numerically. Decision models have the capacity for accepting and quantifying human subjective inputs: judgments of experts and preferences of decision-makers. Implementation of models can take the form of simple paper-and-pencil procedures or sophisticated computer programs known as decision aids or decision systems.
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