In decision analysis, decision-makers must specify the criteria or metrics used to evaluate and compare different alternatives.1 pointTrueFalse

The statement is True.

In decision analysis, it is essential for decision-makers to determine and specify the criteria or metrics that will be used to evaluate and compare various alternatives. This process ensures that decisions are made based on a clear understanding of what factors are important for the specific context in which the decision is being made. Without clearly defined criteria, it becomes challenging to objectively assess the merits of different options and to make informed choices. By outlining these metrics, decision-makers can quantify their evaluations and manage trade-offs effectively, leading to more rational and justifiable decisions. This structured approach is particularly important in complex scenarios where multiple variables must be considered.