decision process

  • 1Decision process tool — A decision process tool is designed to support an investment management firm that is constructing an investment portfolio of multiple assets. Every investment manager goes through a similar process of finding potential ideas to add to their… …

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  • 2Markov decision process — Markov decision processes (MDPs), named after Andrey Markov, provide a mathematical framework for modeling decision making in situations where outcomes are partly random and partly under the control of a decision maker. MDPs are useful for… …

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  • 3Partially observable Markov decision process — A Partially Observable Markov Decision Process (POMDP) is a generalization of a Markov Decision Process. A POMDP models an agent decision process in which it is assumed that the system dynamics are determined by an MDP, but the agent cannot… …

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  • 4Decision field theory — (DFT), is a dynamic cognitive approach to human decision making. It is a cognitive model that describes how people make decisions rather than a rational model that prescribes what people should do. It is also a dynamic model of decision making… …

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  • 5Decision making — For Decision making in groups, see Group decision making. Sample flowchart representing the decision process to add a new article to Wikipedia. Decision making can be regarded as the mental processes (cognitive process) resulting in the selection …

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  • 6Decision fatigue — Candy and snacks are placed close to market cash registers to take advantage of shoppers decision fatigue.[1] In decision making and psychology, decision fatigue refers to the deteriorating quality of decisions made by an individual, after a long …

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  • 7decision — noun ADJECTIVE ▪ big, crucial, fateful, important, key, landmark (law), major, momentous ▪ It was a big decision to make …

    Collocations dictionary

  • 8Decision downloading — Decision downloading[1] refers to communicating a decision to those who have not been involved in the decision making process. The term “decision downloading” is used to set apart those special situations in which decision makers communicate a… …

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  • 9decision-making — UK US noun [uncountable] ★ the process of deciding what to do about something, especially in an organization the consensus approach to decision making Employees are now demanding greater involvement in the decision making process. Thesaurus:… …

    Useful english dictionary

  • 10Decision-making software — (DMS) is a term integrating decision analysis tools to facilitate a person s decision making process, which results in a choice of a course of action or a variant among several alternatives. DMS belongs to the class of decision support systems… …

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  • 11Decision aids — is the name commonly used to describe interventions that are designed for patients, or people facing healthcare decisions. They are used to facilitate shared decision making. A recent definition is cited: decision support interventions help… …

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  • 12Decision engineering — framework Decision Engineering is a framework that unifies a number of best practices for organizational decision making. It is based on the recognition that, in many organizations, decision making could be improved if a more structured approach… …

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  • 13Process mining — techniques allow for the analysis of business processes based on event logs. They are often used when no formal description of the process can be obtained by other means, or when the quality of an existing documentation is questionable. For… …

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  • 14Decision table — Decision tables are a precise yet compact way to model complicated logic.[1] Decision tables, like flowcharts and if then else and switch case statements, associate conditions with actions to perform, but in many cases do so in a more elegant way …

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  • 15decision-making — deˈcision ˌmaking noun [uncountable] the process of making important business, political, or legal decisions: • government proposals aimed at improving the quality of decision making by the High Court • Lobbyists will always try to influence the… …

    Financial and business terms

  • 16Decision theory — in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to …

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  • 17Process philosophy — (or Ontology of Becoming) identifies metaphysical reality with change and dynamism. Since the time of Plato and Aristotle, philosophers have posited true reality as timeless , based on permanent substances, whilst processes are denied or… …

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  • 18Process management — is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering. [Jörg Becker, Martin Kugeler, Michael Rosemann (eds.).Process Management. ISBN… …

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  • 19Process optimization — is the discipline of adjusting a process so as to optimize some specified set of parameters without violating some constraint. The most common goals are minimizing cost, maximizing throughput, and/or efficiency. This is one of the major… …

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  • 20Decision cycle — refers to the continual use of mental and physical processes by an entity to reach and implement decisions. Within the United States military, a theory of an Observe–Orient–Decide–Act (OODA) loop has been advocated by Colonel John Boyd. In… …

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