Category: Decision analysis & multi-criteria

Decision analysis is a set of methods to help people and organizations address challenging decisions more effectively than using simple intuition. It provides tools like decision trees and influence diagrams to help structure problems, multiattribute (multicriteria) methods to handle problems with several often conflicting objectives, quantifying attitudes towards risk, and ways of treating uncertainty using probability distributions.

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Past Blogs & Case Studies by Category

Energy & Power

Enviornment & Climate

Water & Ocean Resources

Risk & Uncertainty

Transportation & Manufacturing

Defence & Security

Academic Research

Lumina Consulting Firms

Category Posts

08/15/2024 | Decision analysis & multi-criteria

What is Analytica software?

Nemanja V

Analytica is a decision analysis tool that helps you generate clearer and more justified results through modeling.

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08/15/2024 | Decision analysis & multi-criteria

Visual modeling

Nemanja V

Use visual influence diagrams to create and communicate your models. Identify the decisions, uncertainties, and objectives to keep the focus on what matters.

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08/15/2024 | Data mining, statistics, & AI, Decision analysis & multi-criteria

Influence diagrams

Nemanja V

Learn how Analytica’s influence diagrams enhance decision-making. Discover the power of visual modeling to identify key decisions, uncertainties, and objectives.

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08/15/2024 | Decision analysis & multi-criteria

Decision analytics

Nemanja V

Understand how decision analytics combines uncertainty with descriptive and predictive analytics to help you make well-rounded decisions.

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07/08/2024 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Videos

Why big data analytics projects fail and how to fix them

Max Henrion

If you are like most practitioners of analytics, you went into the field because you are good with numbers, and you want to help people improve the quality of decisions on…

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07/08/2024 | Case studies, Decision analysis & multi-criteria, Energy & power, Environment & climate, Open-source models, Risk & uncertainty, Water & ocean resources

Controversy to consensus: offshore oil platforms

None

Offshore oil in California is highly controversial. But, Lumina’s decision model on decommissioning oil platforms led to consensus for “rigs to reefs”.

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07/08/2024 | Case studies, Decision analysis & multi-criteria, Energy & power, Environment & climate, Lumina consulting projects, Newsworthy, Portfolio management

Helping DOE decide which R&D projects to fund

None

See how the prioritization of technologies and projects are managed based on the reduction of greenhouse gas (GHG) emissions for the US.

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07/08/2024 | Decision analysis & multi-criteria, Modeling tips & tricks, Portfolio management, Videos, Webinars

Decision making when there is little historic precedent

None

Learn how to make decisions and strategic plans in uncertain situations, where historical data is not available. See how to model this in Analytica with clarity and insight.

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