Question

Mention and define the type of decision making and the process of decision making

Answer 1

Answer:

Decision-making processess refer to case-based reasoning, peer review, multi-criteria group decision-making, simulation, decision trees and estimation.

Decision-making methods refer to satisficing (e.g. de Boer et al., 2006), multi-criteria decision-making (e.g. Razzaque et al., 1998), fuzzy logic (e.g. Chen et al., 2007), parameterisation (e.g. Kaldate et al., 2006), meta-analysis (e.g. White, 1996) and cluster analysis (e.g. Kremic et al., 2006)