George Mason University
George Mason University Mason
George Mason University

SYST 573: Decision and Risk Analysis

Instructor Information

Section Information

Study of analytic techniques for rational decision making that address uncertainty, conflicting objectives, and risk attitudes. Covers modeling uncertainty; rational decision-making principles; representing decision problems with value trees, decision trees, and influence diagrams; solving value hierarchies, decision trees, and influence diagrams; defining and calculating the value of information; incorporating risk attitudes into the analysis; and conducting sensitivity analysis. Note: Students may not receive credit for both SYST 473 and 573.

Course Information from University Catalog

Not Repeatable


Study of analytic techniques for rational decision making that address uncertainty, conflicting objectives, and risk attitudes. Covers modeling uncertainty; rational decision-making principles; representing decision problems with value trees, decision trees, and influence diagrams; solving value hierarchies, decision trees, and influence diagrams; defining and calculating the value of information; incorporating risk attitudes into the analysis; and conducting sensitivity analysis.

When Offered: Fall, Spring

Hours of Lecture or Seminar per week: 3

Offered concurrently with SYST 473. Students may not receive credit for both SYST 473 and 573.

Credits: 3

Prerequisites:

STAT 346 or equivalent.

Instructor Information
Expertise