Decision analysis & multi-criteria
Decision analysis is a set of methods to help people and organizations address challenging decisions more effectively than using simple intuition. It provides tools like decision trees and influence diagrams to help structure problems, multiattribute (multicriteria) methods to handle problems with several often conflicting objectives, quantifying attitudes towards risk, and ways of treating uncertainty using probability distributions.
Do Inuit hunters threaten whale populations?
Population variance, whale fertility and mortality in the absence of hunting are considered in this Analytica model to evaluate the risk to whale populations.
Can California afford its ambitious climate policies?
The State of California uses the PATHWAYS Analytica model to show that it can reach its ambitious target of 50% reduction in GHG emissions by 2030 at reasonable cost.
How can decision analysis help climate change?
Lumina CEO Max Henrion moderates a panel of decision experts in this Society of Decision Professionals (SDP) webinar on a controversial and critical topic.
What to do when your model results are ridiculous?
When an exhaustive scrutiny of the model code, the data and more sensitivity analyses don’t reveal why your model isn’t working, you must consider that perhaps it’s your intuition...
