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  2. 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).

  3. Nominal group technique - Wikipedia

    en.wikipedia.org/wiki/Nominal_group_technique

    The nominal group technique (NGT) is a group process involving problem identification, solution generation, and decision-making. [1] It can be used in groups of many sizes, who want to make their decision quickly, as by a vote, but want everyone's opinions taken into account (as opposed to traditional voting, where only the largest group is considered). [2]

  4. Decision analysis - Wikipedia

    en.wikipedia.org/wiki/Decision_analysis

    Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. . Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the ...

  5. 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.

  6. Analytic hierarchy process - Wikipedia

    en.wikipedia.org/wiki/Analytic_hierarchy_process

    AHP is targeted at group decision making, [3] and is used for decision situations, in fields such as government, business, industry, [4] healthcare and education.. Rather than prescribing a "correct" decision, the AHP helps decision makers find the decision that best suits their goal and their understanding of the problem.

  7. Decision-matrix method - Wikipedia

    en.wikipedia.org/wiki/Decision-matrix_method

    The decision-matrix method, also Pugh method or Pugh concept selection, invented by Stuart Pugh, [1] is a qualitative technique used to rank the multi-dimensional options of an option set. It is frequently used in engineering for making design decisions but can also be used to rank investment options, vendor options, product options or any ...

  8. Analytic network process - Wikipedia

    en.wikipedia.org/wiki/Analytic_network_process

    To illustrate this, consider a simple decision about buying an automobile. The decision maker may want to decide among several moderately-priced full-size sedans. He might choose to base his decision on only three factors: purchase price, safety, and comfort. Both the AHP and ANP would provide useful frameworks to use in making his decision.

  9. Knowledge-based decision making - Wikipedia

    en.wikipedia.org/.../Knowledge-based_decision_making

    Knowledge-based decision making model [1] Knowledge-Based Decision-Making (KBDM) in management is a decision-making process [2] that uses predetermined criteria to measure and ensure the optimal outcome for a specific topic. KBDM is used to make decisions by establishing a thought process and reasoning behind a decision. [3]

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