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Decision Making (Page 2)
August 31st, 2023
Delphi Technique: this article describes the theory and concept of the Delphi Technique, developed by RAND Corporation in a practical way. Next to what this research technique is, this article also highlights the approach, the definition and elemenst, how…
August 22nd, 2023
Decision Tree Analysis: this article describes the Decision Tree Analysis in a practical way. Next to what it is, this article also higlights the process, the “What if” thought, Visualization and Representation, a practical Decision Tree Analysis example. This article…
August 22nd, 2023
Impact Analysis: this article explains the Impact Analysis in a practical way. After reading it, you will understand the basics of this powerful decision making method.
What is an Impact Analysis?
In 1996, American software engineers Robert S. Arnold and…
August 22nd, 2023
BATNA Negotiation: this article explains the BATNA Negotiation in a practical way. Next to what it is (including BATNA acronym), this article highlights the Negotiation topics, the importance of a DMU, possible Resistance and Target Points, Alternatives and determining BATNA.…
August 15th, 2023
What If Analysis: this article explains the What If Analysis or Scenario Analysis in a practical way. Next to what it (definition) is, this article also highlights a What If Analysis example and the 5 basic steps to perform this…
August 9th, 2023
Multiple Criteria Decision Analysis (MCDA): this article provides a practical explanation of the concept of Multiple Criteria Decision Analysis (MCDA). This article contains a detailed explanation of MDCDA, the steps involved and a practical example. After reading it, you…
June 12th, 2023
Analytic Hierarchy Process (AHP): this article describes the Analytic Hierarchy Process (AHP) by Thomas L. Saaty in a practical way. It cover what the AHP is, why and when it is useful, how to apply it and what it looks…
June 5th, 2023
Risk Analysis: this article provides a practical explanation of the concept of Risk Analysis. The article begins with the definition of Risk Analysis, followed by a description of the difference between quantitative risk analysis and qualitative risk analysis. You…
May 31st, 2023
Monte Carlo Simulation: this article explains the Monte Carlo Simulation in a practical way. It covers what the Monte Carlo Simulation is, what its stages are and what its role in risk analysis is. It also provides an example. After…
May 11th, 2023
Critical Thinking: this article describes the Critical Thinking in a practical way. Next to what it is (definition and meaning), this article also highlights it’s origin related to an Assessment, that it is a scientific method, How does it work?…
February 16th, 2023
Recognition Primed Decision Making (RPD): this article explains Recognition Primed Decision Making, developed by Gary Klein in a practical way. Next to what it is, this article also highlights an example, definition and objectives, variations, a adapted roadmap RPD process…
February 16th, 2023
Futures Wheel Analysis and Method: this article explains the Futures Wheel by Jerome Glenn in a practical way. Next to what it is, this article also highlights this Method as a brainstorming technique, the five steps of the Futures Wheel…