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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

06/15/2023 | Case studies, Decision analysis & multi-criteria, Environment & climate, Open-source models, Risk & uncertainty, Spreadsheet conversions, Water & ocean resources

Do Inuit hunters threaten whale populations?

Population variance, whale fertility and mortality in the absence of hunting are considered in this Analytica model to evaluate the risk to whale populations.

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06/15/2023 | Case studies, Decision analysis & multi-criteria, Energy & power, Environment & climate, Projects by consulting firms, Risk & uncertainty

Can California afford its ambitious climate policies?

The State of California uses the PATHWAYS Analytica model to show that it can reach its ambitious target of 50% reduction in GHG emissions by 2030 at reasonable cost.

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08/26/2021 | Blogs, Decision analysis & multi-criteria, Health & pharmaceuticals

The deadly pillow fallacy

On the surface it seems absurd that a pillow could cause all that death and disease. But, you should be careful not to let your preconceived beliefs taint your analysis of the data.

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12/09/2019 | Blogs, Decision analysis & multi-criteria, Energy & power, Environment & climate

How can decision analysis help climate change?

Lumina CEO Max Henrion moderates a panel of decision experts in this Society of Decision Professionals (SDP) webinar on a controversial and critical topic.

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02/14/2019 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Optimization & solvers

An optimal Valentine’s date

“You know, Valentine’s Day reminds me of the optimal stopping problem.” Not sure if this phrase was uttered elsewhere, but, this is the sort of water cooler conversations…

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11/13/2018 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks

What to do when your model results are ridiculous?

When an exhaustive scrutiny of the model code, the data and more sensitivity analyses don’t reveal why your model isn’t working, you must consider that perhaps it’s your intuition…

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10/18/2018 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Risk & uncertainty

Testing hypotheses about causation

In 2002, I developed a statistical framework for testing whether your data provides statistically significant support for the hypothesis that A causes B. I published only one…

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08/09/2018 | Blogs, Decision analysis & multi-criteria, Lumina consulting projects, Newsworthy

Max Henrion awarded 2018 Ramsey Medal for Decision Analysis

The Decision Analysis Society has awarded the 2018 Frank Ramsey Medal to Max Henrion, the society’s highest award.

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