SOME DECISION MAKING PARAMETERS AND THEIR INFLUENCE ON QUALITY OF DECISIONS

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Dr. Kiran Mayee Adavala

Vol 18, No 1 ( 2023 )   |  Licensing: CC 4.0   |   Pg no: 194-201   |   Published on: 10-03-2023

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Abstract
In real time, given the same set of inputs, people take different decisions based on their understanding of the domain, the problem and their previous experiences. Decision making depends on many factors. A combination of these factors leads to good decisions, bad ones or unpredictable ones. An Intelligent decision making machine has to be aware of the major factors in human decision making and their expected consequences. This paper focuses on these factors, assigning categorical values to the possible outputs, creating a prediction model given some of the possible permutations of feature values, and the expected results. The results are found to be encouraging.

Keywords:
Machine Decision Making; Machine Learning; Management Decision Making. AMS Subject Classification: 22E46, 53C35, 57S20

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