Precizen solution provides
analytical knowledge and practical skills for improving your
decision-making processes in engineering and business environments.
This is achieved by providing a paradigm based on normative
decision theory and a set of prescriptive tools and computational
techniques using state-of-the art software with which a stake
holder can systematically analyze a complex and uncertain
decision situation leading to clarity of action. Our expertise
ranges from Decision theory, utility theory and influence
diagrams modeling to multi-attribute utility theory and analytic
hierarchy process.
Consulting services are offered in following
areas of Decision Making
- Decision Making under uncertainty
- Decision Making under Risk
- Sensitivity and value of information analysis
- Risk analysis and Time preferences
- Assessment and construction of probabilities
- Value-focused thinking
- Multiple attribute analysis
- Analytic Hierarchy Process
- Cost analysis and Estimation
We understand that making decisions under
uncertainties is certainly the most difficult yet highly crucial
task of a manager. Precizen solution offers logical methods
for solving complex problems step by step. It presents the
decision-analysis process for both public and private decision-making,
using different decision criteria, different types of information,
and information of varying quality. It describes the elements
in the analysis of decision alternatives and choices, as well
as the goals and objectives that guide decision-making. The
key issues related to a decision-maker's preferences regarding
alternatives, criteria for choice, and choice modes, together
with the risk assessment tools are also presented.
Our methods include models for decision-making
under conditions of uncertainty or multiple objectives; techniques
of risk analysis and risk assessment; experimental and descriptive
studies of decision-making behavior; economic analysis of
competitive and strategic decisions; techniques for facilitating
decision-making by groups; and computer modeling software
and expert systems for decision support. Our experts include
practitioners, educators, and researchers with backgrounds
in engineering, business, economics, statistics, psychology,
and other social and applied sciences.
The applications are innumerable, you
can contact us with your situation
in a short e-mail and our consulting directors will contact
you.
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