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Development of Decision Support System Using Decision Analysis Cycle

Su-Dong Choe, Jae-Gyeong Kim, Byeong-Ho Jeong, Seong-Hui Kim

Abstract

Many decision problems in the real world have uncertainty and complexity. In many cases, decision makers do not have decision-analytic knowledge enough to solve a given decision problem. This paper developes a Decision Support System(DSS) that can be used for structuring decision problem into decision tree based on the concept of influence diagram and analyzing the decision problem by following Decision Analysis Cycle. This study suggests a DSS system(DACUL) in order to implement Decision Analysis Cycle using Lotus1-2-3. DACUL system has been developed in IBM XT/AT compatible PC

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Available abstract

Key concepts: Decision tree, Influence diagram, Evidential reasoning approach, Decision analysis, Decision support system, Decision engineering, Business decision mapping, Decision system