Decision analysis cycle
From Wikipedia, the free encyclopedia
The decision analysis (DA) cycle is the top-level procedure for carrying out a decision analysis. The traditional cycle consists of four phases:
- basis development
- determinisitic sensitivity analysis
- probabilistic analysis
- basis appraisal.
A revised form of the cycle consists of an attention-focusing method followed by a decision method, each of which is composed of three stages:
See also: decision model
