Risk Analysis Decision Making

Catalog description

The course provides an overall decision analysis paradigm and a set of tools - primarily decision-tree analysis and Monte Carlo simulation - to construct and facilitate decision making. A variety of exercises, problems, and case studies, analytical modeling, data analysis and optimization will be utilized to facilitate logical, strategic and tactical choices in data- and time-constrained management environments. As a doctoral-level course, the term paper is expected to result from practice-oriented original research. It should encompass problem definition, situational analysis, data collection and analysis as necessary, and the development of a recommended solution or policy.