Ads
related to: engineering decision making process
Search results
Results From The WOW.Com Content Network
It is a decision making process (often iterative) in which the engineering sciences, basic sciences and mathematics are applied to convert resources optimally to meet a stated objective. Among the fundamental elements of the design process are the establishment of objectives and criteria, synthesis, analysis, construction, testing and evaluation.
It is a decision making process (often iterative) in which the engineering sciences, basic sciences and mathematics are applied to convert resources optimally to meet a stated objective. Among the fundamental elements of the design process are the establishment of objectives and criteria, synthesis, analysis, construction, testing and ...
Unlike other decision making tools and methodologies, decision intelligence seeks to bring to bear a number of engineering practices to the process of creating a decision. These include requirements analysis , specification , scenario planning , quality assurance , security , and the use of design principles as described above.
The decision-matrix method, also Pugh method or Pugh concept selection, invented by Stuart Pugh, [1] is a qualitative technique used to rank the multi-dimensional options of an option set. It is frequently used in engineering for making design decisions but can also be used to rank investment options, vendor options, product options or any ...
Thus, it focuses on the decision making process, its context and environment. [1] It is pragmatic by nature, integrating economic theory with engineering practice. [ 1 ] But, it is also a simplified application of microeconomic theory in that it assumes elements such as price determination, competition and demand/supply to be fixed inputs from ...
The opportunity management funnel is a visual representation of phase-gate decision making. Opportunity management is defined as "a process to identify business and community development opportunities that could be implemented to sustain or improve a local economy." [8] The components of opportunity management are: Identifying opportunities.
An architectural decision captures the result of a conscious, often collaborative option selection process and provides design rationale for the decision making outcome, e.g., by referencing one or more of the quality attributes addressed by the architectural decision and answering "why" questions about the design and option selection ...
Markov decision process (MDP), also called a stochastic dynamic program or stochastic control problem, is a model for sequential decision making when outcomes are uncertain. [ 1 ] Originating from operations research in the 1950s, [ 2 ] [ 3 ] MDPs have since gained recognition in a variety of fields, including ecology , economics , healthcare ...