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Apr 19, 2024
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Undergraduate Record 2014-2015 [ARCHIVED RECORD]
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SYS 3060 - Stochastic Decision Models
Introduction to mathematical modeling of forecasts and decisions under uncertainty using principles of statistical decision theory; judgmental and Bayesian techniques for probabilistic forecasting; forecast verification methods; static and sequential decision models for quality control, inventory control, queue management, hazard warnings; and economic, investment, and weather-sensitive decisions. Prerequisite: APMA 3100 and 3120, or instructor permission.
Credits: 3
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