Decision Analysis: Past, Present and Future

Publication Type: 
Authors: 
A. E. Abbas
Description/Abstract: 
Last October, several members of the Decision Analysis Society of INFORMS met in Palo Alto, Calif., with world-renowned economists, political scientists, industry researchers and experts in the fields of climate change, artificial intelligence and national security. Three Ph.D. students and two program directors from the National Science Foundation were also present. Workshop attendees were asked to reflect on the history of decision analysis and to think of the challenges and opportunities DA faces in both research and practice. Another objective was to identify how decision analysis can be used to handle the new problems that have emerged, problems characterized by large data sets, long and uncertain time horizons and group decisions, as well as complex models of beliefs and preferences.
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