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Innovative Decision-Making Techniques: A Foccussed Approach
Paperback
Series: Synthesis Lectures on Operations Research and Applications
ISBN13: 9783031112829
Publisher: Springer Nature
Published: Sep 22 2023
Pages: 150
Weight: 0.62
Height: 0.36 Width: 6.69 Depth: 9.61
Language: English
This book provides a blend of quantitative and qualitative approaches to decision making, while also bridging the gap between the theory of how to make good decisions versus how people actually make decisions. The authors present the tools and techniques of decision analysis to learn how to become a FOCCUSSED decision maker:
- Identify and properly Frame the decision or problem at hand
- Specify the goals, Objectives, and values that you are trying to achieve
- Develop creative, meaningful Choices from among which you can choose
- Evaluate the Consequences of selecting each alternative using your goals, objectives, and values
- Think about the key Uncertainties that could impact the decision
- Understand the Swaps and trade-offs that you are willing to make
- Develop an approach for implementing your Solution
- Elicit the data you'll need from a variety of sources
- and Disseminate and communicate your decisions to others.
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