When all reviews are in, the Editor takes a decision on the basis of reports, which can be
- Acceptance (direct acceptance is rare)
- Revision, either minor or major
If reviewer recommendations conflict each other, the editor may invite additional reviewers, or go on his own judgement. If the decision is revision, the editor may choose to send a revised manuscript again to the same reviewers, or to take a decision on his own judgement, which is usually the case when requested changes were minor.
In case the decision is revision, the author should consider all comments carefully, and revise the paper where it is necessary. He should also write a reply to the reviewers, and indicate the actions he has taken, or explain why he did not change the paper. Authors can be slow in submitting revised papers, this is often a step that causes unnecessary delays in the publication process. A period of 2-3 weeks is acceptable, but in generally it is best to deal with revision immediately.
After submission of the revised paper, the editor may take a decision by himself, or send the paper out for review again. Let’s hope he decides to accept your work now.