BUAD 6681 - Decision Procss Under Uncertainty

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Decision Analysis is both a conceptual framework and a broad set of techniques that are extremely useful in formulating and analyzing decision problems. Some of the topics traditionally associated with the area are: 1) decision problem modeling, 2) decision trees and influence diagrams, 3) Monte Carlo simulation, 4) utility theory, 5) sensitivity analysis, 6) risk tolerance/attitudes, 7) multiple/conflicting objectives, and 8) value of information. We will cover most of these topics in varying degrees of detail in Decision Processes under Uncertainty (DPUU).