Course Websites

GE 450 - Decision Analysis I

Last offered Fall 2016

Official Description

Rules of thought that transform complex decision situations into simpler ones where the course of action is clear. Practical application of decision analysis in large organizations; methods to generate insights into real-life decision problems, avoid the common pitfalls in decision processes, and overcome the possible barriers to implementing a high-quality decision-making process for individual and organizational decision making; graphical representations of decision problems such as decision diagrams and utility diagrams. Course Information: 3 or 4 undergraduate hours. 3 or 4 graduate hours. Prerequisite: IE 300.

Documents

Course Description

This course presents the fundamental concepts of decision analysis, including the elements of decision quality and rules of thought that transform complex situations into simpler ones where the course of action is clear. The course emphasizes the practical application of decision analysis in organizations, methods to generate insights for real-life decision problems, ways to avoid common pitfalls in decision processes, ways to overcome the possible barriers to implementing a high-quality decision-making process for individual and organizational decision making, and graphical representations of decision problems such as decision diagrams and utility diagrams. Assignments in the course include both individual homework assignments, group case studies, and two in-class exams. Prerequisite: IE 300.

TitleSectionCRNTypeHoursTimesDaysLocationInstructor
Decision Analysis IA52698LCD30930 - 1050 T R  253 Mechanical Engineering Bldg Ketan Hemant Date
Decision Analysis IG58548LCD30930 - 1050 T R  253 Mechanical Engineering Bldg Ketan Hemant Date