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English | 2022 | ISBN: 3031112792 | 223 Pages | PDF EPUB (True) | 17 MB
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.