An emerging approach for decision making.

Decision making have become a central aspect of human activities. Current world have reached today’s development level because of better decisions are made. However, many organizations still make poor decisions due to several reasons.

  •  Complex and competitive environment.
  •  Increasing global scope.
  • Growing number of independent actors.

In this scenario, decision engineering is emerging as a set of best practices intended to make the best possible decisions.  It is intended to become a worldwide common methodology for making decisions.

Decision engineering applies an engineering approach, using the following tools and techniques:

  • Cost Engineering and Estimating
  • Soft Computing Techniques
  • Classical Optimization and Simulation Techniques
  • Knowledge capture and reuse
  • Knowledge engineering
  • Business intelligence
  • Collaborative Technology and Concurrent Engineering,
  • Risk Analysis.
  • Mind mapping,
  • Conceptual graphs,
  • Semantic networks.
  • Intuitive thinking,
  • Inductive reasoning
  • Pattern recognition
  • Business decision map