Decision Analysis Decision Analysis Decision analysis is a systematic and logical set of procedures for analyzing complex, multiobjective decision problems. This methodology has been applied extensively for more than 30 years. Quantify preferences of decision makers or stakeholders. Evaluate and compare alternatives.
Decision analysis is an iterative process that consists of four basic steps.
Such measures are called attributes. A measurement scale must be established for each of the attributes. The degree to which the objectives are met, as measured by the attributes, is the basis for comparing alternatives. Determine Impacts Possible levels of impact are determined in terms of the attributes for each alternative. Uncertainties must be quantified when levels of impacts are not known exactly.