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Preferred term

applied decision analysis  

Definition

  • Decision analysis (DA) is a methodology by which the various aspects of a decision are represented in an explicit and quantitative model to support or improve the procedure and/or outcome of decisions under uncertainty. The term decision analysis is used both for the domain and for the actual single exercise of construction and quantifying a model for a particular problem. [Source: Encyclopedia of Medical Decision Making; Applied Decision Analysis]

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https://concepts.sagepub.com/social-science/concept/applied_decision_analysis

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