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decision analysis

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.02 sec.
decision
a choice between a number of possible answers to a question.

decision analysis
a systematic approach to decision making under conditions of imperfect knowledge; a practical application of probability theory. Used to calculate the optimal strategy from among a series of alternative strategies. May be expressed graphically in the form of a decision tree (below).
decision making
making a decision can be done in three principal ways and many variations and mixtures of the methods: (1) rote, the decision is made on the basis of a set of rules and no selectivity is required; (2) intuitive, decisions are made on the basis of cerebrally stored information and reasoning systems which permit a fast response. The increasing complexity of veterinary clinical questions increases the probability of error; (3) decision analysis, a means of solving complicated problems by including all of the factors that could possibly affect the outcome of the analysis in a series of sequential questions. This gives each of the factors an opportunity of affecting the outcome. The chance of error by omission can be eliminated but the process is prolonged.
decision theory
the theoretical basis for decision analysis.
decision tree
a diagrammatic representation of the possible outcomes and events used in decision analysis. The questions to be asked in an analysis of a question are arranged as a series of nodes each with a yes and no branch, creating an arborization effect. The sequential steps proceed with each step depending on the decision made in the preceding step.

decision analysis
Clinical decision analysis Decision making 1. An approach to decision making under conditions of uncertainty, involving modeling of sequences or pathways of multiple possible strategies–eg, of diagnosis and treatment for a particular clinical problem to determine which is optimal; DA is based on available estimates–drawn from the literature or from experts of the probabilities that certain events and outcomes will occur and the values of the outcomes that would result from each strategy. See Decision tree 2. An analysis in which '…a problem is stated, assumptions concerning probabilities and utilities are made, and a conclusion is reached based on the results. If the reader (of the analysis) agrees with the structure, assumptions, and probabilities of the analysis, then he or she must agree with its conclusion.' See Algorithm, Critical pathway.


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Judkins had been with Pioneer where she held various positions throughout the organization, including business decision analysis, corporate accounting, and planning and budgeting.
Source Selection: The Best Value Process, which is equivalent to DAU's CON 111: Mission Planning Execution, uses lectures and comprehensive case studies to provide a solid understanding of acquisition procedures and the principles and processes of business decision analysis and decision making.
The problem approached in this work dealt with the direct selection of Decision Analysis Software, looking for selecting the more appropriate tool for the organization purposes, providing them the best investment return.
 
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