In partnership with Decision Labs, Parallel has created a tool to optimise the process of making the single best decision. This decision is dependent on multi-factorial analysis across a wide spectrum of decision-makers and subject matter experts. However, mediating multiple factors that often have contrary agendas and needs can be a challenging task.
THE APPROACH
A common challenge we see is that complex decision-making processes rely on tools that we believe are outdated for the increasingly complex world of decision-making. Working with decision theory and multi-criteria decision analysis, we designed and built a tool that allows facilitators to identify and prioritise the most important factors.
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We allow facilitators to add up the criteria carefully, as not all criteria are created equally. There are two types of criteria: Constraints - to minimise negative impacts, and Opportunities - to maximise possible benefits.
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The solution
We have developed an interface that enables cross-filtering to comprehend dependencies across multi-dimensional measures. The ability to dynamically reorder items and apply different weights permits important stakeholders to fine-tune the model that ultimately calculates the best decision.