Decision Analysis

Definitions

Health Economics

  • This typically refers to a formal, essentially utilitarian, method for quantifying decision problems under conditions of uncertainty, in which the probability of each event in a chain of events, along with the consequences of such events, is explicitly stated. Some approaches, like bounded rationality, do not, however, use quantified probabilities.
  • synonymDecision Theory
    (written as decision analysis)

Accounting

  • noun the mathematical methods for weighing the various factors in making decisions
http://www.dictionarycentral.com/definition/decision-analysis.html