Environmental Clean-up

Many times real world decisions problems require the careful consideration of multiple value measures

DPL Decision Analysis Model - Environmental Clean-up Decision

Environmental

Environmental Clean-up Decision

Some decisions problems require the careful consideration of multiple value measures. The analysis of these decision problems is called multi-attribute utility analysis (MUA). Consider a situation where you are deciding what to do about a site with environmental contamination. Solely minimizing cost will likely ultimately not result in a good decision or outcome. In this problem, three attributes are defined and tracked within the model. Furthermore, the model employs weights to combine the multiple attributes into an overall measure of value.