decision theory

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decision theory

[di′sizh·ən ‚the·ə·rē]
(systems engineering)
A broad spectrum of concepts and techniques which have been developed to both describe and rationalize the process of decision making, that is, making a choice among several possible alternatives.

decision theory

(probability)
A branch of statistics concerning strategies for decision making in non-deterministic systems. Decision theory seeks to find strategies that maximise the expected value of a utility function measuring the desirability of possible outcomes.
References in periodicals archive ?
The Economic and Decision Sciences business line is a natural extension of the firm's existing economic services and business solutions and risk management services.
About Decision Sciences Decision Sciences is a technology company with headquarters in Virginia and an R&D center in California that brings together cutting edge science, hardware and software development, systems integration and manufacturing to improve the safety and security of the global community.
Assistant Professor, Department of Information & Decision Sciences, University of Illinois at Chicago
Row is a decision sciences research associate at The Wharton School.
Both were co-organized by Carnegie Mellon University's Baruch Fischhoff, a leader in bringing together the social, behavioral and decision sciences into this emerging area.
com), the largest provider of decision sciences and analytics solutions for global enterprise customers, officially launched muLearn -- a platform that helps decision makers tap into the best practices across industries, adopting them to their business environment and maximizing profits.
The timely availability of Internet technology provides an expedient and effective way to reach educators and provide options to them for implementing data-driven decision-making with the use of statistical analysis and decision sciences commonly used in other sectors.
CPAs who wish to gain more knowledge about using models might turn to courses in decision sciences or quantitative methods at a local university.
24, 2014 /PRNewswire/ -- Decision Sciences International Corporation (DSIC), an advanced technology provider of security and detection systems, today announced it has appointed Dr.
An advanced technology provider of security and detection systems, Decision Sciences International Corp.
8, 2014 /PRNewswire/ -- Decision Sciences International Corporation (DSIC), an advanced technology provider of security and detection systems, and Los Alamos National Laboratory (LANL), a premiere science and technology research institution and U.
8, 2014 /PRNewswire/ -- Decision Sciences International Corporation (DSIC), an advanced technology provider of security and detection systems, today announced it has been awarded a contract by Toshiba Corporation (Toshiba) to support the reclamation of the Fukushima Daiichi Nuclear complex with the use of DSIC's revolutionary muon tracking detectors.

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