2010-2011 University Catalog 
  
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2010-2011 University Catalog

SYST 573 - Decision and Risk Analysis

Credits: 3
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.

Prerequisites
STAT 346 or equivalent.

Notes
Offered concurrently with SYST 473. Students may not receive credit for both SYST 473 and 573.

Hours of Lecture or Seminar per week: 3
Hours of Lab or Studio per week: 0
When Offered: F, S