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  2. Decision-making - Wikipedia

    en.wikipedia.org/wiki/Decision-making

    Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.

  3. Cynefin framework - Wikipedia

    en.wikipedia.org/wiki/Cynefin_framework

    The Cynefin framework (/ k ə ˈ n ɛ v ɪ n / kuh-NEV-in) [1] is a conceptual framework used to aid decision-making. [2] Created in 1999 by Dave Snowden when he worked for IBM Global Services, it has been described as a "sense-making device". [3] [4] Cynefin is a Welsh word for 'habitat'. [5]

  4. Scenario planning - Wikipedia

    en.wikipedia.org/wiki/Scenario_planning

    Scenario-building is designed to allow improved decision-making by allowing deep consideration of outcomes and their implications. A scenario is a tool used during requirements analysis to describe a specific use of a proposed system. Scenarios capture the system, as viewed from the outside

  5. Influence diagram - Wikipedia

    en.wikipedia.org/wiki/Influence_diagram

    An influence diagram (ID) (also called a relevance diagram, decision diagram or a decision network) is a compact graphical and mathematical representation of a decision situation. It is a generalization of a Bayesian network , in which not only probabilistic inference problems but also decision making problems (following the maximum expected ...

  6. Multiple-criteria decision analysis - Wikipedia

    en.wikipedia.org/wiki/Multiple-criteria_decision...

    In this example a company should prefer product B's risk and payoffs under realistic risk preference coefficients. Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine).

  7. Strategy and uncertainty - Wikipedia

    en.wikipedia.org/wiki/Strategy_and_uncertainty

    When envisioning few future scenarios, organization may use option valuation models and game theory [12] to shape the decision making of an organization into a goal oriented process involving one or more players [12] and one or more probabilities for different possible scenarios. In this way, it is easier to assess risk and returns through a ...

  8. Vroom–Yetton decision model - Wikipedia

    en.wikipedia.org/wiki/Vroom–Yetton_decision_model

    This model suggests the selection of a leadership style of groups decision-making. Leader Styles. The Vroom-Yetton-Jago Normative Decision Model helps to answer above questions. This model identifies five different styles (ranging from autocratic to consultative to group-based decisions) on the situation and level of involvement. They are:

  9. Decision-making models - Wikipedia

    en.wikipedia.org/wiki/Decision-making_models

    Decision-making as a term is a scientific process when that decision will affect a policy affecting an entity. Decision-making models are used as a method and process to fulfill the following objectives: Every team member is clear about how a decision will be made; The roles and responsibilities for the decision making