Decision-Making

These are my notes from a recent lecture on decision making. A useful way of categorising decision-making techniques is by the variables that surround it:

  • Input: relates to expected benefits and costs, especially the way in which that information is derived (quantitatively/qualitatively)
  • Output: one objective or more? Is there a weighting system attached to them?
  • Constraints: how much is known about the circumstances surrounding the decision?
  • Resources: techniques available for making a decision

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