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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

04/12/2018 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Open-source models

What’s the best retirement account type for me? 401(k), IRA, Roth, other?

It’s tax week here in the US, and like many other people, I have less than a week to finalize my tax returns. I also have some last minute decisions. Should I, or my wife, …

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03/03/2017 | Blogs, Decision analysis & multi-criteria, Scripting languages, Python & R, Spreadsheet conversions

Is Analytica Microsoft’s future programming?

Norm Judah, Chief Technology Officer of Microsoft Services, recently talked about the future of programming: “When someone thinks of business…

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02/19/2016 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks

Marginal abatement: adding a dimension

In my earlier blog article, on marginal abatement, I explained what a Marginal Abatement graph is and how to set up such a graph in Analytica. In this article, I’m going to…

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02/02/2016 | Blogs, Decision analysis & multi-criteria, Newsworthy

Analytica & decision analysis

I absolutely admire Analytica as a tool/software and find it a work of art, really. I admire the people who created it. I discovered Analytica in 2013 on an INFORMS web directory…

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10/01/2015 | Blogs, Decision analysis & multi-criteria, Environment & climate

Pledges for the Paris climate talks analysis

October 1, 2015 was the UN’s deadline to receive national pledges for the UN Climate Change Treaty to be negotiated in Paris this December. At the end of February, the UN…

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01/26/2015 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks

Marginal Abatement

Analytica models in the energy sector often include a Marginal Abatement graph for CO2 emissions. In this post I explain briefly what a Marginal Abatement graph is and provide…

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11/14/2014 | Blogs, Decision analysis & multi-criteria, Newsworthy, Water & ocean resources

Max Henrion DAS’s 2014 Best Practice Award

Max was awarded and recognized as an outstanding decision analyst in 2014 in “How to Dispose of California’s Defunct Offshore Oil Platforms”.

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11/22/2013 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Risk & uncertainty

Risk analysis methods from probability, clustering, to multi-attribute utility theory

Machine failure, patient injury, terrorist attacks, and oil spills are just a few events we endure and have to prepare for in life. It is hard to manage things that are not …

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