Home > Term: decision analysis
decision analysis
A formal analysis to aid decision-making in the face of uncertainty. A decision analysis usually evaluates the expected outcomes (e.g. average catch, constancy of catch, probability of rebuilding to a given biomass target, etc. ) of alternative management controls. A decision analysis can also address management consequences under different plausible assumptions about the status of the stock.
- Part of Speech: noun
- Industry/Domain: Fishing
- Category: Marine fishery
- Organization: NOAA
0
Creator
- J Thomas
- 100% positive feedback