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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Category Posts

06/18/2013 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Portfolio management

Data modeling 101

Sean Salleh

Think data modeling is just for the geeks? Think again! Even if deep down in the IT layers data models can make Egyptian hieroglyphs look like a Dr. Seuss book by comparison …

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06/10/2013 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Risk & uncertainty

5 mistakes to avoid if you want to make good quantitative risk assessments

Sean Salleh

Numbers don’t lie. It’s the people using them that are responsible for falsehoods, distortions, or simply mistakes! Yet numbers have several attractions: you can compare them …

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05/01/2012 | Blogs, Decision analysis & multi-criteria, Modeling tips & tricks, Risk & uncertainty

Do risk analysts dream of electron microscopes?

Rob Brown

From as early as I can remember, I have always wanted to be a scientist. Indeed, while most kids my age were doing normal, healthy kid things on summer afternoons, like engaging …

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