DSES-6090

Decision Analysis

Normative and behavioral views are taken of decision making under uncertainty. This includes a discussion of utility theory and the general problem of ascertaining decision makers’ preferences. Problem structuring techniques such as influence diagrams and knowledge maps are presented. Risk analysis, including risk assessment and management, is discussed. Decision analysis software is used. A class project in risk analysis is conducted. Prerequisites: DSES-6110 or equivalent and DSES-6500 or equivalent. Spring term odd-numbered years.

3 credit hours