Decision analysis is a systematic, quantitative and visual approach to addressing and evaluating important choices confronted by businesses.

Making good choices is vital for any business, but determining the best option can sometimes be challenging. A decision matrix is a helpful tool that simplifies this process. It allows you to ...

Decision analysis looks at the paradigm in which an individual decision maker (or decision group) contemplates a choice of action in an uncertain environment. The theory of decision analysis is ...

Scottish scientist Dr. Stuart Pugh developed a method for improvement selection called Pugh’s Controlled Convergence. More commonly known as the Pugh Matrix, it formalizes the decision-making ...

When ecologist Rachel Katz was offered a government job in a region with few academic options for her partner, herpetologist Sean Sterrett, a decision-analysis tool helped to solve their ‘two ...

Robert T. Clemen, Terence Reilly, Correlations and Copulas for Decision and Risk Analysis, Management Science, Vol. 45, No. 2 (Feb., 1999), pp. 208-224 ...

Difference Between Qualitative & Quantitative Analysis for Managerial Decision Making. When you make business decisions as a manager, you take into account qualitative factors like reputations ...