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Decision
science is the science of making decisions. Casually speaking there is an
optimal decision taken by the decision makers in different fields of life. For
example the field or issue may be a social, political, educational,
governmental or commercial one. The main thing is to take a timely decision in
every field in order to derive maximum positive results.
Decision science is a basic component of living and, therefore, an interesting
subject for decision and investigation. Several fields in science are involved
with the nature of different aspects of decision making. There are various
types of decision making and all types are equally intriguing. For example, how
do people react when they are threatened? Which market would be most
profitable? What will be the result of the campaign? What will be the best
solution of a particular problem?
In the field of decision science, while making decisions one has to consider
the following points:
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The
information about the past and current situation.
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The
key facts and figures influenced by the decisions.
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The
conclusion or results drawn from the decision making process.
The
process of reaching decisions may be difficult because the decisions themselves
are complex and comprise many sub-decisions, which should be taken in the right
order. Also there are number of persons, departments and other groups involved,
each having their own interests, constraints, and ambitions. In such cases
decision theory, decision analysis and decision support system can be helpful.
Now the question arises, how cans a person or a group of people can implement
this procedure in their daily life, while making decision? It is considered
necessary that first of all one should know the problem by analyzing what he
desires and what exists now? In this way he sets the decision criterion.
Secondly, he should point out all possible alternatives by judging what would
happen with each alternative and its effect on the particular problem? In doing
so he will be smooth enough to make a decision from amongst the possible
available alternatives. Once the decision is made it should have the plan for
communicating those directly and indirectly affected.
Thirdly, it is necessary to have the feed back of the outcome of the decision.
It is to determine whether or not the problem has been resolved?
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The department is involved in/planning for the following
activities in the centre:
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