Decision Rules and Decision Analysis - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 14 pages of information about Decision Rules and Decision Analysis.

Decision Rules and Decision Analysis - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 14 pages of information about Decision Rules and Decision Analysis.
This section contains 4,128 words
(approx. 14 pages at 300 words per page)
Buy the Decision Rules and Decision Analysis Encyclopedia Article

A decision rule is a logical statement of the type "if [condition], then [decision]." The following is an example of a decision rule experts might use to determine an investment quality rating:

If the year's margin is at least 4.27 percent and the year's ratio of shareholder funds to fixed assets is at least 35.2 percent, then the class of rating is at least lower investment grade (LIG).

The condition in this decision rule is "the year's margin is at least 4.27 percent and the year's ratio of shareholder funds to fixed assets is at least 35.2 percent," while "the class of rating is at least lower investment grade" is the decision part of the rule.

Decision rules give a synthetic, easily understandable, and generalized representation of the knowledge contained in a data set organized in an information table. The table's rows are labeled...

(read more)

This section contains 4,128 words
(approx. 14 pages at 300 words per page)
Buy the Decision Rules and Decision Analysis Encyclopedia Article
Copyrights
Gale
Decision Rules and Decision Analysis from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.