Method Robust Decision Making
Management Decision robustness
Process Computational
Description Uses computation to assess decision options against multiple combinations of input variable assumptions.
Long Description (Lempert, 2019) Robust Decision Making (RDM) is a set of concepts, processes, and enabling tools that use computation, not to make better predictions, but to yield better decisions under conditions of deep uncertainty. RDM combines Decision Analysis, Assumption-Based Planning, scenarios, and Exploratory Modeling to stress test strategies over myriad plausible paths into the future, and then to identify policy-relevant scenarios and robust adaptive strategies. RDM embeds analytic tools in a decision support process called “deliberation with analysis” that promotes learning and consensus-building among stakeholders.
Enabled True
DMDU
Links (Lempert, 2019)
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