When a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses _____ to develop an optimal strategy.

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When a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses decision analysis to develop an optimal strategy

What is decision analysis?

Decision analysis is a formalized way of making choices that are best under conditions of uncertainty.

The individual tried to weigh all possible options from all aspects of life this include costs and health-related issues and values.

Therefore, when a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses decision analysis to develop an optimal strategy

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