INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Annu Elizabeth Jose
, Annmariya Joshy , siji Antony
Unique Id:
IJSDR2303232
Published In:
Volume 8 Issue 3, March-2023
Abstract:
Abstract: Decision theory is a descriptive approach used to classify degree of knowledge and verify the outcomes that is to occur.There may be success or failure depends on the ability of making correct decisions on time.To arrive under a decision,a decision maker should be accurate to make appropriate decision.Inorder to identify the best one,decision theory is important.This paper attempts to say the decision aspects as a disciplined approach.Decision theory provides a framework for rational decision making in an environment of uncertainity and risk.In certain situations a decision maker needs to make either a single decision or a sequence of decisions.Actually decision theory is the study of a person or agent’s choices.
Keywords:
Index Terms: Decision Maker, Problem Solver, Operation Research
Cite Article:
"A Review on Decision Theory", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 3, page no.1379 - 1381, March-2023, Available :http://www.ijsdr.org/papers/IJSDR2303232.pdf
Downloads:
000337355
Publication Details:
Published Paper ID: IJSDR2303232
Registration ID:204960
Published In: Volume 8 Issue 3, March-2023
DOI (Digital Object Identifier):
Page No: 1379 - 1381
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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