ODS 320 Managerial Decisions and Risk

3 Credit(s)

An examination of the structuring of business decisions involving uncertainty. Emphasis will be placed on the application of Bayesian Networks and Influence Diagrams as tools to assist in the decision making process. A comprehensive approach to analyzing risk using probability, sensitivity analysis and the psychological aspects of decision making such as framing and grounding will be covered. Three lecture hours per week. Prerequisite: BUS 170