2023•The Frontiers of Society Science and TechnologyOpen access

A Review of Decision Theory and Methods

Shufen Cao

Open full text 1 citations

Abstract

With the development of the economic system, traditional decision making methods can no longer adapt to today's complex decision making environment, various decision making methods have emerged, and decision making theories and methods have become a hot topic of research at home and abroad. To this end, this paper reviews the debate and research status of decision theory from five aspects: multi-criteria decision making, group decision making, behavioral decision making, uncertainty decision making, and decision theory, and gives an outlook on the future of subsequent decision theories and methods.

Open-access reader

About this research paper

What this paper is about

With the development of the economic system, traditional decision making methods can no longer adapt to today's complex decision making environment, various decision making methods have emerged, and decision making theories and methods have become a hot topic of research at home and abroad. To this end, this paper reviews the debate and research status of decision theory from five aspects: multi-criteria decision making, group decision making, behavioral decision making, uncertainty decision making, and decision theory, and gives an outlook on the future of subsequent decision theories and methods.

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

With the development of the economic system, traditional decision making methods can no longer adapt to today's complex decision making environment, various decision making methods have emerged, and decision making theories and methods have become a hot topic of research at home and abroad. To this end, this paper reviews the debate and research status of decision theory from five aspects: multi-criteria decision making, group decision making, behavioral decision making, uncertainty decision making, and decision theory, and gives an outlook on the future of subsequent decision theories and methods.

Key concepts: Business decision mapping, Decision engineering, Decision analysis, Evidential reasoning approach, R-CAST, Management science, Decision theory, Evidential decision theory

Related papers

Back to paper searchBrowse research topicsOriginal source
A Review of Decision Theory and Methods — Research Paper | ScholarLens