Explain the three phases in decision making process.

In energy economics and planning, decision-making processes are critical for efficiently allocating resources, managing risks, and achieving desired outcomes in the energy sector. These processes typically involve three key phases:

1. Identification and Definition of the Problem: This initial phase involves identifying and defining the problem or opportunity that requires a decision. In the context of energy economics and planning, this could include identifying issues such as energy shortages, environmental concerns, infrastructure deficiencies, or opportunities for renewable energy development. This ____ ___ _____ _____ _______ _________ ___ ____ __________ __________.
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