Monte Carlo Simulation
A statistical technique that uses random sampling and statistical modeling to estimate mathematical functions and simulate systems.
102 topics found for
“decision-making efficiency”
BRE
Business Rules Engine (BRE) is a software system that executes one or more business rules in a runtime production environment.
HITL
Human in the Loop (HITL) integrates human judgment into the decision-making process of AI systems.
Eisenhower Matrix
A time management tool that helps prioritize tasks based on their urgency and importance, dividing them into four quadrants.
CoD
Cost of Delay (CoD) is a metric that quantifies the economic impact of delaying a project, feature, or task.
KPI
Key Performance Indicators (KPIs) are quantifiable measures used to evaluate the success of an organization, employee, or project in meeting objectives for performance.
Principle of Choices
The Principle of Choices is an information architecture guideline that emphasizes providing users with meaningful options to navigate and interact with a system.
Information Processing
The series of actions or operations involved in the acquisition, interpretation, storage, and retrieval of information.
ICE Scoring Model
Impact, Confidence, and Ease of implementation (ICE) is a prioritization framework used in product management to evaluate features.