Global Management for the Earth, Energy, and Materials Industries

Catalog description

The real world is often complex and unstructured. A major goal of this course is to teach you how to structure "real-world" environmental and energy problems that involve business decisions in the face of uncertainty. The focus of this course is problems in environmental and resource management, but rather than teaching you specific facts, the goal of this course is to teach you how to think systematically about problems at the interface between business, society, and the environment. The course develops a number of tools for analyzing decision problems where impacts on the environment or human health and safety are important components. These tools include benefit-cost analysis, technological and environmental risk assessment, decision-making under uncertainty (perfect and imperfect information), and Monte Carlo analysis. Students will then use these models in the homework assignments and projects to solve a number of different decision problems.