What is a decision model Why is it important to business Wha

What is a decision model? Why is it important to business? What are the three types of inputs common to decision models?

Solution

What is the Decision Model?

Barbara von Halle and Larry Goldberg

The Decision Model is an intellectual template for perceiving, organizing, and managing the business logic behind a business decision. ¹ An informal definition of business logic is it is a set of business rules represented as atomic elements of conditions leading to conclusions. A more formal definition of business logic is