Decision Analysis Process
Module
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.
Target Audience
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