How to make quality decisions under conditions of uncertainty – A Decision Analysis Approach

January 19, 2017

Tassos Nicolaou
President & CEO, Delpor, Inc.

Should I invest in a new venture? Launch a new clinical trial? Conduct an expensive experiment? Partner with another company? Pursue IP litigation? These decisions would all be easy if we can only predict the future. However, nobody has a crystal ball and we all have to make decisions based on limited information.

What are the key considerations in making quality decisions when dealing with an uncertain outcome? This talk will use a simple but real exercise in order to illustrate some of the key elements (“distinctions”) one should consider when making decisions under conditions of uncertainty.

About Tassos Nicolaou
Tassos Nicolaou has over 20 years of business experience working with life science companies as an executive, strategy consultant, and entrepreneur. He spent the first half of his career at Strategic Decision Group (SDG), where he assisted Fortune 100 companies in strategy development and selection. He also led SDG’s client education practice and delivered Decision Quality seminars to pharmaceutical and other executives worldwide. He is currently President and CEO of Delpor, Inc., a life sciences company focusing on drug delivery. Tassos holds a Master’s in Management Science & Engineering from Stanford University where he focused on decision analysis.