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	<id>https://wikimd.org/index.php?action=history&amp;feed=atom&amp;title=Decision_analysis</id>
	<title>Decision analysis - Revision history</title>
	<link rel="self" type="application/atom+xml" href="https://wikimd.org/index.php?action=history&amp;feed=atom&amp;title=Decision_analysis"/>
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	<updated>2026-05-12T10:36:37Z</updated>
	<subtitle>Revision history for this page on the wiki</subtitle>
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	<entry>
		<id>https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6527901&amp;oldid=prev</id>
		<title>Prab at 17:19, 18 March 2025</title>
		<link rel="alternate" type="text/html" href="https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6527901&amp;oldid=prev"/>
		<updated>2025-03-18T17:19:46Z</updated>

		<summary type="html">&lt;p&gt;&lt;/p&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 17:19, 18 March 2025&lt;/td&gt;
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&lt;/table&gt;</summary>
		<author><name>Prab</name></author>
	</entry>
	<entry>
		<id>https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6502735&amp;oldid=prev</id>
		<title>Prab: CSV import</title>
		<link rel="alternate" type="text/html" href="https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6502735&amp;oldid=prev"/>
		<updated>2025-03-17T08:39:47Z</updated>

		<summary type="html">&lt;p&gt;CSV import&lt;/p&gt;
&lt;table style=&quot;background-color: #fff; color: #202122;&quot; data-mw=&quot;interface&quot;&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;← Older revision&lt;/td&gt;
				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 08:39, 17 March 2025&lt;/td&gt;
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&lt;/table&gt;</summary>
		<author><name>Prab</name></author>
	</entry>
	<entry>
		<id>https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6224926&amp;oldid=prev</id>
		<title>Prab: CSV import</title>
		<link rel="alternate" type="text/html" href="https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6224926&amp;oldid=prev"/>
		<updated>2025-02-10T13:59:49Z</updated>

		<summary type="html">&lt;p&gt;CSV import&lt;/p&gt;
&lt;table style=&quot;background-color: #fff; color: #202122;&quot; data-mw=&quot;interface&quot;&gt;
				&lt;col class=&quot;diff-marker&quot; /&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;← Older revision&lt;/td&gt;
				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 13:59, 10 February 2025&lt;/td&gt;
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&lt;/table&gt;</summary>
		<author><name>Prab</name></author>
	</entry>
	<entry>
		<id>https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6223604&amp;oldid=prev</id>
		<title>Prab: CSV import</title>
		<link rel="alternate" type="text/html" href="https://wikimd.org/index.php?title=Decision_analysis&amp;diff=6223604&amp;oldid=prev"/>
		<updated>2025-02-10T13:18:52Z</updated>

		<summary type="html">&lt;p&gt;CSV import&lt;/p&gt;
&lt;table style=&quot;background-color: #fff; color: #202122;&quot; data-mw=&quot;interface&quot;&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;← Older revision&lt;/td&gt;
				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 13:18, 10 February 2025&lt;/td&gt;
				&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l38&quot;&gt;Line 38:&lt;/td&gt;
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&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-deleted&quot;&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;{{No image}}&lt;/ins&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</summary>
		<author><name>Prab</name></author>
	</entry>
	<entry>
		<id>https://wikimd.org/index.php?title=Decision_analysis&amp;diff=5217687&amp;oldid=prev</id>
		<title>Prab: CSV import</title>
		<link rel="alternate" type="text/html" href="https://wikimd.org/index.php?title=Decision_analysis&amp;diff=5217687&amp;oldid=prev"/>
		<updated>2024-02-22T14:45:26Z</updated>

		<summary type="html">&lt;p&gt;CSV import&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;&amp;#039;&amp;#039;&amp;#039;Decision analysis&amp;#039;&amp;#039;&amp;#039; is a systematic, quantitative and visual approach to addressing and informing complex decisions. This approach involves much more than just the building of decision trees. Decision analysis includes a range of procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision, for prescribing a recommended course of action by applying the maximum expected utility action axiom to a well-formed representation of the decision, and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision maker and other stakeholders.&lt;br /&gt;
&lt;br /&gt;
== Overview ==&lt;br /&gt;
The decision analysis process involves a set of techniques that allow consideration of various aspects of decision making, including [[Risk|risk]], [[Uncertainty|uncertainty]], [[Objectives|objectives]], [[Alternatives|alternatives]], and [[Trade-offs|trade-offs]]. These techniques are used to evaluate and compare the expected outcomes of alternative actions, and to identify the most desirable actions to implement.&lt;br /&gt;
&lt;br /&gt;
== Steps in Decision Analysis ==&lt;br /&gt;
The process of decision analysis includes the following steps:&lt;br /&gt;
&lt;br /&gt;
# Identify the decision problem&lt;br /&gt;
# Specify the objectives&lt;br /&gt;
# Identify the alternatives&lt;br /&gt;
# Identify the uncertainties&lt;br /&gt;
# Specify the consequences&lt;br /&gt;
# Construct a decision tree&lt;br /&gt;
# Evaluate the decision tree&lt;br /&gt;
# Make the decision&lt;br /&gt;
&lt;br /&gt;
== Applications ==&lt;br /&gt;
Decision analysis has been used in a wide variety of applications, including [[Business|business]], [[Medicine|medicine]], [[Engineering|engineering]], [[Public Policy|public policy]], and [[Environmental Science|environmental science]].&lt;br /&gt;
&lt;br /&gt;
== See Also ==&lt;br /&gt;
* [[Risk Analysis]]&lt;br /&gt;
* [[Decision Tree]]&lt;br /&gt;
* [[Decision Theory]]&lt;br /&gt;
* [[Decision Support Systems]]&lt;br /&gt;
&lt;br /&gt;
== References ==&lt;br /&gt;
&amp;lt;references /&amp;gt;&lt;br /&gt;
&lt;br /&gt;
[[Category:Decision Analysis]]&lt;br /&gt;
[[Category:Decision Making]]&lt;br /&gt;
[[Category:Risk Management]]&lt;br /&gt;
[[Category:Business]]&lt;br /&gt;
[[Category:Medicine]]&lt;br /&gt;
[[Category:Engineering]]&lt;br /&gt;
[[Category:Public Policy]]&lt;br /&gt;
[[Category:Environmental Science]]&lt;br /&gt;
&lt;br /&gt;
{{stub}}&lt;/div&gt;</summary>
		<author><name>Prab</name></author>
	</entry>
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