Decision Analysis

Techniques, body of knowledge, and professional practice used to provide analytical support for making decisions through a formalized structure.

Sample Usage: Decision analysis can be used to more effectively allocate resources to various risk reduction measures.

Annotation: Decision analysis can be used in the context of risk analysis to evaluate complex risk management decisions. Decision analysis can be applied to strategic, operational, and tactical decisions.

Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance

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