Course Description
This course explores decision-making from the perspective of the manager who must decide how to allocate scarce resources under uncertainty. Emphasis is placed on combining qualitative and quantitative information. Topics include the framing of decision problems, establishing evaluation criteria, determining trade-offs, constructing decision trees, estimating probabilities and risk, and taking responsibility for consequences. The roles of judgment, intuition and heuristics in decision-making are also explored. Students will research a practical application of decision analysis.

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