Decision Analysis = Decision Engineering

Free AccessAboutSectionsView PDF ToolsAdd to favoritesDownload CitationsTrack CitationsPermissionsReprints ShareShare onFacebookTwitterLinked InEmail Go to SectionFree Access HomeINFORMS TutORials in Operations ResearchEmerging Theory, Methods, and Applications Decision Analysis = Decision EngineeringJames E. MathesonJames E. MathesonPublished Online:14 Oct 2014https://doi.org/10.1287/educ.1053.0015Abstract Decision analysis is an engineering approach to helping decision makers reach rational decisions. It incorporates systems engineering and decision theory, enhanced by the ability of modern computation to build value-based models and carry out computations needed to deal with complexity in the number of factors, uncertainties, and dynamics. It also includes the processes for reaching good decisions with real people (and real organizations) and gaining their commitment to carry them out. Decision analysis is not a single approach, but a discipline with underlying principles and procedures that are adapted to diverse situations. Decision analysis uses tools like decision theory, influence diagrams, system dynamics, game theory, etc. to “engineer” good decisions in new product development, business strategy, space system safety, etc. The paper ends with the “10 commandments of decision analysis.” You can guess the first. This publication has no references to display. Your Access Options Login Options INFORMS Member Login Nonmember Login Purchase Options Save for later Item saved, go to cart Tutorials in OR, TutorialsNew $20.00 Add to cart Tutorials in OR, TutorialsNew Checkout Other Options Token Access Insert token number Claim access using a token Restore guest access Applies for purchases made as a guest Previous Back to Top Next FiguresReferencesRelatedInformation Emerging Theory, Methods, and ApplicationsSeptember 2005 Article Information Metrics Information Published Online:October 14, 2014 Copyright © 2005, INFORMSCite asJames E. Matheson (2014) Decision Analysis = Decision Engineering. INFORMS TutORials in Operations Research null(null):195-212. https://doi.org/10.1287/educ.1053.0015 Keywordsdecision analysisdecision engineeringtutorialPDF download