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Decision Analysis: BITS Pilani
Decision Analysis: BITS Pilani
BITS Pilani
Pilani Campus
Decision Analysis
Qualifying a Decision
Qualifying a Decision, BITS Pilani
Quality of
Decision Quality of
Outcome
Frame
Reasoning Alternatives
Quality
Decision
Information Values
Decider
Qualifying a Decision, BITS Pilani
Mind Conscious
Peripherals
Behavior Intellect
Environment
Memory
Qualifying a Decision, BITS Pilani
Problem
Perspective Alternatives
statement
Choice
https://www.youtube.com/watch?v=S3MWOJUUrYY&list=FLipXV88beKLLH_UsgXta9Vg
Alternativ
es
https://www.youtube.com/watch?v=VKi4_u3vjjk
Preference
Value
Status-
Frame quo
New
Conflict
state
Alterna
Choice
tives
Qualifying a Decision, BITS Pilani
Tough
task
Information Uncertainty
Why do we need information for decision making?
• Humans depend on external systems for survival
• Each system is a network of subsystems
• Each subsystem has its own reliability
• Subsystems in series reduce system reliability
• Reduced reliability means increased uncertainty
• Uncertainty is reduced by:
• Redundancy
• Improving predictability
Qualifying a Decision, BITS Pilani
Decision Tree
Logic
Influence Diagram