Decision model

Decision model,

Definition of Decision model:

  1. A computer based system that predicts the outcomes of decisions. The relationships between elements of the decision and the forecasted results are mapped in order to understand or control problems. The decision model may also predict what will happen if a certain action is taken.

  2. A model used to aid decision-making by simulating the elements and variables relating to a particular decision.

Meaning of Decision model & Decision model Definition