March 11, 2013

Measuring decision quality

Measuring the decision quality is an important part of decision knowledge. The quality is not always measured by the decision outcomes as the amount of factors are way complicated in real life business to be considered totally. Measurement cannot depend on qualitative data as interpretation can vary significantly.

The measurement of decision quality allows tthe decision makers to lean assesing decision for more robust decisions. It is also a learning curve which allows the decision maker to improve with experience when usin the appropriate theory and tools.

I can assess the quality of decisions i have to make by examining wide range of alternatives, understand all the objectives and decision requirements, understand associated positives and negatives and assess the possibility of decision implementation. This will allow me to to make an informed decision by measuring its quality before agreeing to it as the most robust decision can be out of the decision list.

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  • Good point, you dont have to consider it while using the decision tree as the available data is limi… by Ahmed Alali on this entry
  • Good point Bu Salim. However, i failed to mention that a decision objective is linked to the busines… by Ahmed Alali on this entry
  • I do agree with you Ahmed that certain modification enhance GA performance, however, even if someone… by Waddah Alharthi on this entry
  • as u said, the time scaling and sentivity need to be taken into account… i agree but do u think in… by Tzu-i Yang on this entry
  • i agree with u … choosing tools is not easy… we might fall into trap info….it was whyi decisio… by Tzu-i Yang on this entry

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