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Probabilistic Modeling Process: Decision Analysis

Probabilistic Modeling Process: Decision Analysis

This site presents the decision- analysis process for both public and private decision-making, using different decision criteria, different types of information, and information of varying quality. It describes the elements in the analysis of decision alternatives and choice, as well as the goals and objectives that guide decision-making. The key issues related to a decision-maker's preferences regarding alternatives, criteria for choice, and choice modes, together with the risk assessment tools are presented.


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