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SYS 660 DECISION AND RISK ANALYSIS (3)

August 18, 2022

This course is a study of analytic techniques for rational decision-making that addresses uncertainty, conflicting objectives, and risk attitudes. This course covers modeling uncertainty; rational decision-making principles; representing decision problems with value trees, decision trees, and influence diagrams; solving value hierarchies; defining and calculating the value of information; incorporating risk attitudes into the analysis; and conducting sensitivity analyses.