Decison and Risk Analysis

Tthe project aspect of the assignment is the decisions (or alternatives), attributes, and risk analysis (and possibly other things) that you must complete to determine a solution (the best alternative). Here is a suggested outline for your paper that you might follow:

Abstract or Executive Summary—this should be an overview of the rest of your paper.

               2. Introduction—Describe

                              1) the problem that you are addressing, how it arose and how it is related to other problems, and why it is important to solve—a why what’s stopping problem map might be appropriate here.

                              2) what your objectives and attributes are—a hierarchy or network of objectives and attributes might be good here.

                              3) a description of each of the alternatives to be evaluated.

               3. Evaluation Model and Evaluation of Alternatives.

                              A description of how each of the alternatives is to be evaluated, as well as the actual evaluations—specifically, what is needed d in this section are the attribute values (either deterministic or probabilistic (in the form of probability distributions) in nature for each of the alternatives described in Section 2.

               4. Criterion Model and Ranking of Alternatives.

                              This section would contain a description of the assessment (most likely hypothetical in nature) of a multiattribute value function, a single attribute utility function, or a multiattribute utility function. This would be followed by either the values of the MAV function or the expected utilities for each of the alternatives described in the Introduction.

                              A Table containing a ranking of the alternatives would be part of this section.

               5. Sensitivity Analysis of the Ranking of the Alternatives.

               6. Summary and Conclusions.


Leave a Reply

Your email address will not be published. Required fields are marked *