SYST 573: Decision and Risk Analysis
Course Information from University Catalog
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
STAT 346 or equivalent.