Some articles on decision models, decision, models:
... Decision models describe the relationship between all the elements of a decision — the known data (including results of predictive models), the decision, and the forecast results of ... These models can be used in optimization, maximizing certain outcomes while minimizing others ... Decision models are generally used to develop decision logic or a set of business rules that will produce the desired action for every customer or circumstance ...
Famous quotes containing the words models and/or decision:
“Grandparents can be role models about areas that may not be significant to young children directly but that can teach them about patience and courage when we are ill, or handicapped by problems of aging. Our attitudes toward retirement, marriage, recreation, even our feelings about death and dying may make much more of an impression than we realize.”
—Eda Le Shan (20th century)
“Will mankind never learn that policy is not morality,—that it never secures any moral right, but considers merely what is expedient? chooses the available candidate,—who is invariably the devil,—and what right have his constituents to be surprised, because the devil does not behave like an angel of light? What is wanted is men, not of policy, but of probity,—who recognize a higher law than the Constitution, or the decision of the majority.”
—Henry David Thoreau (1817–1862)