What does decision model mean?

Definitions for decision model
de·ci·sion mod·el

This dictionary definitions page includes all the possible meanings, example usage and translations of the word decision model.


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Wikipedia

  1. Decision model

    A decision method is a formal (axiomatic) system, starting with a decision model, that contains at least one action axiom. An action is of the form "IF is true, THEN do ". An action axiom tests a condition (antecedent) and, if the condition has been met, then (consequent) it suggests (mandates) an action: from knowledge to action. A decision model may also be a network of connected decisions, information and knowledge that represents a decision-making approach that can be used repeatedly (such as one developed using the Decision Model and Notation standard). Excepting very simple situations, successful action axioms are used in an iterative manner. For example, for decision analysis, the sole action axiom occurs in the Evaluation stage of a four-step cycle: Formulate, Evaluate, Interpret/Appraise, Refine. Decision models are used to model a decision being made once as well as to model a repeatable decision-making approach that will be used over and over again.

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Numerology

  1. Chaldean Numerology

    The numerical value of decision model in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of decision model in Pythagorean Numerology is: 1

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"decision model." Definitions.net. STANDS4 LLC, 2024. Web. 5 Nov. 2024. <https://www.definitions.net/definition/decision+model>.

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