ETM 530 Decision Making
Decision and value theory concepts are applied to technical and management decisions under uncertainty. Multi-criteria decisions are analyzed. Subjective, judgmental values are quantified for expert decisions and conflict resolution in strategic decisions involving technological alternatives. Hierarchical decision modeling approach is introduced. Individual and aggregate decisions are measured. Decision discrepancies and group disagreements are evaluated. Case studies are included in the course. Also offered as ETM 630 and may be taken only once for credit.
Prerequisite
Prerequisites:
ETM 520 or
ETM 620, knowledge of probability/statistics.