Risk and Uncertainty Modeling

Catalog description

Risk and Uncertainty Modeling introduces students to basic risk modeling applied to various business domains. Uncertainty is a key component of business, and this course will help students navigate the theoretical foundations and the applications of uncertainty modeling and risk management. Students will gain an applied understanding of the techniques and tools that are used to model uncertainty, such as optimization and simulation, and quantify the different outcomes that may occur in a specific decision making situation. Advanced Excel functions will be used.