Rahul Sharma (Editor)

Decision analysis cycle

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit

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.

    • The diagram below depicts the Decision Analysis Cycle:

    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:

  • formulation
  • evaluation
  • appraisal.

    • References

    Decision analysis cycle Wikipedia
    (Text) CC BY-SA