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Analyze This:
Decisionomics^TM for better decision making

There's no doubt that you're wondering what is Decisionomics^TM and possibly even wondering how to pronounce it. Where did this unusual term come from? More importantly, why should you care to know any of these things? How does Decisionomics^TM affect you?

It's quite simple: Decisionomics^TM can be the life or death of your company.

Now that you understand how important it is and how it affects you, let's discuss your other, equally as important but less eager, questions.

What is Decisionomics^TM?

The quick and dirty explanation is that Decisionomics^TM is a decision-making process that allows decision makers to make fast and quick decisions that do not compromise results. But you'll need more than that to truly understand this unprecedented process so let's get into some specifics.

Decisionomics^TM consists of both decision analysis and economic principles. The decision analysis process of Decisionomics^TM is mainly based on Choosing by Advantages with some influence from Value Engineering and Value Improving Tools. The concept of assigning a point value to the advantages and comparing them to cost in a ratio is gained from Choosing by Advantages. Decisionomics^TM also takes the basic procedure for going through a decision making process from Value Improving Tools and the evaluation of data from Value Engineering.

The economic portion of Decisionomics^TM uses two economic principles to evaluate predictions of economic behavior: positive economics and normative economics. Positive economics is an objective analysis of the economy which uses what is and what has been occurring in an economy as the basis for any statements or judgment about the future. In reference to that, Decisionomics^TM uses positive economic principles to suggest future decisions based on the current and past occurrences in a project. Normative economics looks at what is desired and determines what the economy should be like in order to achieve that goal. Decisionomics^TM uses normative economic principles to make decisions based on what methods or processes were used in the past that were unsuccessful.

Why is Decisionomics^TM important?

It is important to use economic principles when making any decision and understand that any decision made will affect the economics of a business. It is important to quantify every decision so your company can understand and better predict the outcome of the decisions being made. Decisionomics^TM is important because it allows you to include both quantitative and qualitative data. The value of the decision making process is affected tremendously due to this because it allows a person to make judgment on several alternatives for both monetary and nonmonetary advantages of each choice. Also, the design of Decisionomics^TM takes as much unnecessary data in order to objectively provide the best choice.

Do I need Decisionomics^TM?

Yes! Every business does. It's possible that you could ignore this great decision making process by opting to use another method, but that other method would not take into account all of the factors presented in Decisionomics^TM. Furthermore, an alternative method may not adequately meet the objectives of what is expected by decision makers in your company in the long run. This is how Decisionomics^TM surpasses other methods. It takes into account all of the necessary data and eliminates the unwanted information. It makes the best decision for the decision maker.

For more material on Decisionomics^TM visit Lighthouse Bookseller at www.lighthousebookseller.com.