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A graphical representation of possible solutions to a decision and their possible consequences or outcomes, used for complex decision making.

A process by which business decisions are analyzed. The benefits of a given situation or business-related action are summed and then the costs associated with taking that action are subtracted.

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It's used to evaluate these four aspects of a business or project to facilitate strategic planning.

A computational algorithm that relies on repeated random sampling to obtain numerical results, typically used to assess the impact of risk and uncertainty in prediction and forecasting models.

A structured technique for organizing and analyzing complex decisions, based on mathematics and psychology, that involves decomposing a decision into a hierarchy of more easily comprehended sub-problems.

A statistical technique used in market research to determine how people value different attributes that make up an individual product or service.

A decision-making process that involves evaluating and integrating multiple conflicting criteria, often to prioritize projects or choose among alternatives.

A financial analysis technique for valuing strategic options in investment decisions, which recognizes the value of flexibility to adapt or revise decisions in response to unexpected market conditions.

Also known as a grid analysis, Pugh matrix analysis, or MAUT, this tool is used to evaluate multiple alternatives relative to certain criteria, often with weighted scoring.

A technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions, often used in conjunction with other decision making tools.

A calculation in probability theory that summarizes the expected payoff of a decision with uncertainty, calculated as the sum of all possible values each multiplied by the probability of occurrence ($EV = \Sigma (p_i \cdot v_i)$).