The process of making a selective intellectual judgment when presented with several complex alternatives consisting of several variables, and usually defining a course of action or an idea.
The process of making a selective intellectual judgment when presented with several complex alternatives consisting of several variables, and usually defining a course of action or an idea.
The process of identifying among a set of actions chosen in a sequence of events those which are responsible for a final outcome and to identify the best, and worst, decisions made so that the best decisions are reinforced and the worst penalized. (From Wang, J. et al. (2014). Encyclopedia of Business Analytics and Optimization.)
