MBA Decision Analytics

Decision analysis uses a variety of tools to evaluate all relevant information to aid in the decision-making process and incorporates aspects of psychology, management techniques, training, and economics. It is often used to assess decisions that are made in the context of multiple variables and that have many possible outcomes or objectives. The process can be used by individuals or groups attempting to make a decision related to risk management, capital investments, and strategic business decisions.Risk, capital investments, and strategic business decisions are areas where decision analysis can be applied.