Model · 20
Decision models
Rules and calculations used to rank options, select an action or assign a resource.
When this is useful
A prediction or score does not specify what action to take. The decision also depends on available choices, consequences and operating constraints.
My contribution
I define the decision rules, compare their behaviour with the current approach and examine cases that need an exception or review.
Expected loss and review cost make 310 cases economically eligible, but capacity of 200 selects the three highest-risk groups and leaves 110 positive-benefit cases on the standard path.
What it covers
- Inputs and available choices
- Scores, thresholds and decision rules
- Constraints and exceptions
- Comparison with the current decision process
- Cases requiring review
The output
A decision model with rules, thresholds, example cases and review conditions.
For an enquiry, describe the question and the systems involved.
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