George Mason University
George Mason University Mason
George Mason University

SYST 573: Decision and Risk Analysis

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.

2 Course Sections Scheduled for Fall 2017

2 Course Sections Scheduled for Fall 2018

2 Course Sections Scheduled for Spring 2018

Expertise