Multi-objective Decision Analysis

Key Points

• Professionals need a systematic methodology and set of tools they can use to make and justify their decisions because ­complexity and uncertainty make it incredibly difficult to make important decisions informally in a defensible manner.

• Multiobjective decision analysis is a methodology and ­collection of systematic procedures for evaluating decisions in the face of multiple, conflicting objectives and uncertainty. The methodology involves breaking down a complex decision problem into a set of smaller, and hopefully, more manageable problems. After the decision maker has assessed each of these smaller problems separately, multiobjective decision analysis provides a formal mechanism the decision maker can use to combine all of the ...