2011-2012 University Catalog 
  
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2011-2012 University Catalog

SYST 573 - Decision and Risk Analysis

Credits: 3 (NR)
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.

Prerequisite(s): 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: Fall, Spring