Decision Analysis Process
About the Skill Module
Is there anything more important to success than good decision making? This introductory topic provides an overview of the discipline and problem-solving approach of decision analysis. The most common business application is the capital investment decision. Back-of-the-envelope calculations are sufficient for most everyday decisions, such as whether and how to spend money and time.
Geologists, engineers, geophysicists, managers, team leaders, economists, and planners.
You Will Learn
- Decision analysis process
- Expected value calculation tools
- Influence diagrams and structural decision trees