Overview of Step 5

STEP 5: Develop a Decision Rule

Objective: Combine the parameter of interest, scale of decision making, action level and alternative actions to produce decision rules that provide a logical basis for choosing between alternative actions.

Activities

* Specify the parameter that characterizes the population of interest

* Specify the action level

* Combine the outputs into an "if.....then...."  decision rule that defines the conditions that would cause the decision-maker to choose between the alternatives.

Required Actions

* Specify the Statistical Parameters of Interest

* Specify the Action Level

* Develop a Decision Rule

Outputs from This Step

* An "if....then...." statement that defines the conditions that would cause the decision-maker to choose among alternative courses of action.