Decision analysis cycle
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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:[1]
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
References
External links
- Mohammed A. Mian text retrieved 17/09/2011
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