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