SYS 6014 - Decision Analysis

Principles and procedures of decision-making under uncertainty and with multiple objectives. Topics include representation of decision situations as decision trees, influence diagrams, and stochastic dynamic programming models; Bayesian decision analysis, subjective probability, utility theory, optimal decision procedures, value of information, multiobjective decision analysis, and group decision making. Prerequisite: SYS 6003, 6005, or equivalent.

Credits: 3