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What is Decision Analysis (DA)

Chapter 6
Handbook of Research on Changing Dynamics in Responsible and Sustainable Business in the Post-COVID-19 Era
Is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions formally. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum expected-utility axiom to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision-maker, and other corporate and non-corporate stakeholders.
Published in Chapter:
COVID-19 and the Electricity Market: A Strategic Planning Framework for Sustainable Management in the Time of Crisis
Nima Norouzi (Bournemouth University, UK)
Copyright: © 2022 |Pages: 21
DOI: 10.4018/978-1-6684-2523-7.ch006
Abstract
This chapter investigates the effects of COVID-19 on electricity consumption in some countries, especially in Iran. The effect of COVID-19 in the electricity industry and the amount of electricity consumption in Iran and in the countries that have been most affected have been studied. A study of COVID-19's impact on the world shows a reduction of about 15% in electricity demand during the short term of the COVID-19 outbreak. This amount varies from country to country. Studies show that the countries under study have experienced a relative decline in electricity demand in the short term, but with the continued prevalence of COVID-19 and the removal of some restrictions, the state of electricity consumption has more or less returned to pre-COVID-19 levels. It is worth noting that at the time of writing this chapter, the COVID-19 pandemic continues.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 5
Energy Market in the Post-COVID-19 World: Structural Analysis of Critical Factors for China
Is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions formally. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum expected-utility axiom to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision-maker, and other corporate and non-corporate stakeholders.
Published in Chapter: Energy Market in the Post-COVID-19 World: Structural Analysis of Critical Factors for China; From: COVID-19 Pandemic Impact on New Economy Development and Societal Change
Full Text Chapter Download: US $37.50 Add to Cart
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