What is decision analysis?

Business & Finance
Tutor: None Selected Time limit: 1 Day

What is Decision Analysis?  When is it most useful?  Briefly outline a generic Decision Analysis process.  How can a decision maker clearly communicate the objectives of a decision

Nov 3rd, 2015

Thank you for the opportunity to help you with your question!

Decision analysis is a blend of philosophy, theory, methodology, and professional practice of structuring decisions and uncertainty in a formal manner. Decision analysis technique is useful in allows you to quantify the uncertainties, enumerate potential options and uncover new alternatives so you can make the best, most-informed decision to achieve your goals.

Busines people must increasingly be able to make sense of their competition, environments, organizations, and strategies to be successful. Decision analysis may prove an early warning before a venture into particular business is made. Better alternatives are also reached when a sense-making outcome is attained. Decision Analysis enables stakeholders to model the probability of specific risks and increase the return on key investments.

...................................others to follow my dear!

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 3rd, 2015

Decision analysis analyses on factors such as changes in external environment, competitor's actions, and other events, besides the assessment of the pros and cons. Then the remaining subjective evaluates each option by assigning quantitative values, such as a monetary sum to the value of the outcome and probability values to quantify uncertainty

Nov 3rd, 2015

i need it please in word (dox) .. ans every question in front of every answer please my friend 

Nov 3rd, 2015

please also i need references 

Nov 3rd, 2015

Surely you'll have to post that friend. Even for 5 bucks i will deliver a nice paper!

Nov 3rd, 2015

are you going to provide me with my requirement or should i do withdrew 

i have no time .. 

Nov 3rd, 2015

Seems you're upset! unfortunatel, it would be too costly for to develop a paper of such category for free! Please feel free to withdraw 

Nov 3rd, 2015

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Nov 3rd, 2015
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Nov 3rd, 2015
Dec 4th, 2016
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