Published online by Cambridge University Press: 13 July 2023
What is a decision? A decision is the process of selecting one option over others for the sake of some advantages. The advantages might be a minimal use of time or human resources, or constrained and/or gained profits. When no alternative appears that is better than the chosen decision in any sense, that decision is called the optimal decision. Attaining the optimum decision is not quite trivial at times due to the complexity of reality. The decision maker is often in need of technical experts called analysts who can simplify, organize, and make the decision easier for the decision maker. Decision-making is a cooperative effort to reach the optimal decision. When these joint efforts succeed, the decision maker and the analyst are appreciated and applauded. When the decision results in failure with a measurable loss, the decision maker is blamed. The decision maker therefore undertakes full responsibility for directing the decision-making process.
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