Decision analysis

systematic approach to estimating the strengths and weaknesses of alternatives

decision support tool

state of over-analyzing which leads to decision delay and worse outcome

comparison of costs and outcomes of different courses of action

area of multiple criteria decision making, that is concerned with mathematical optimization problems involving more than one objective function to be optimized simultaneously

concise visual representation for specifying which actions to perform depending on given conditions

sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making

discipline covering formal decision making

graphical and mathematical representation of a decision situation

confidently predicting inaccurate outcomes based on the representativeness of available data