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Decision analysis is a management technique in which statistical tool such as decision tree analysis,multivariable analysis and probabilistic forecasting are applied to the mathematical model of real world problem.
It is most useful under a circumstances when it is most useful to discover the alternative.The
Decision Analysis process transforms a broadly stated decision
opportunity into a traceable, defendable, and actionable plan.
Decision analysis process
The decision maker can clearly communicate the objective of a decision through shared leadership,democratic process and consensus decision making.
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