Elements of a Good Decision Model

Elements of a Good Decision Model

Goal: The final purpose or aim; the end toward which effort is directed. Objectives: Something that ones efforts or actions are intended to attain or accomplish. Alternatives: Allowing or necessitating a choice between two or more things. A good decision model has a clear goal (i.e. to delimit the problem), measurable objectives, and alternative choices with some way to quantify the "best ones."

Read More