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What is decision analysis?

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Anonymous

12y ago
Updated: 1/16/2023

Decision making analysis is a process wherein the decision making process is systematically followed to ensure that the right decision is taken.

The steps that can be taken are-

  1. Identify the need for making a change
  2. Scrutinize that the change is in line with overall objectives of firm
  3. Check the resources available for implementing the change
  4. Formulate a framework to see the end result of the decision
  5. Evaluate alternatives
  6. Pick the best method
  7. Implement the decision
  8. Review it periodically.
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Scottie Conn

Lvl 10
2y ago

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